VS.net 2003 and IIS 5.0 - 500 Internal Server Error

[Lon Weiss]

Hi,

I installed Visual Studio.NET 2003 on my Windows 2000 Professional SP4.
I completed all the steps, did not skip anything (Framework,Components,etc)
http://localhost is up and running.
FrontPage Server Extensions 2002 are installed.
When I try to create a new ASP.NET project at http://localhost/WebApplication1

I first got an error "ASP.NET 1.1 is not installed..."

Then I ran "aspnet_regiis.exe -c" utility.
It said that "ASP.NET was registered succesfully".
Then I tried to create a new Visual Studio.NET project again
and now I get a different error:

"The Web Server reported the followin error when attempting to create or open
the web project located at the following URL:

'http://localhost/WebApplication1'. 'HTTP/1.1 500 Internal Server Error'.