Cannot create Web project. A connection with the server could not

[Michael Knuth]

I have installed Visual Studio .NET 2003 on my Windows XP Professional (SP2)
laptop. I installed IIS before running through the setup program (which did
not flag any errors during the install process).

I went into VS to create a new ASP.NET project and I get the following error:

The Web server reported the following error when attempting to create or
open the Web project located at the following URL:
'http://localhost/WebApplication1'. 'A connection with the server could not
be established'.

I thought maybe it could have been because I had a prior version of .Net
framework SDK installed before going through the VS install, so I uninstalled
everything .NET and reinstalled. No dice.

I can bring up the default page (http://localhost) on my computer and it
tells me the web service is running.

I'm at a loss, I've tried everything I could think of. Anybody else ever
run into this?

Thank you.

[Michael Knuth]

Also, it does not appear that I have any firewalls running, Windows firewall
is Off and I don't have any third party products installed. So that would
appear to eliminate that as a possibility.

[Michael Knuth]

My IIS install on my laptop did not give enough rights to the default web
application to allow VS to create a new project. Opened it up and allowed
more rights to the default web application in IIS and it created the new
project.