Recently installed IIS 5 on Win 2000 Prof. But when i tried opening it 
thru the MMC Console, it failed to connect to the server. The error was:

Error connecting to <computer name>
The system could not find the specified path.

Same error was generated when i tried to start the world wide web service 
from the Admin Tools->Services which is currently stopped.

What is the problem. Why isnt it recognizing my computer name?

    It seems the web service isn't always started by default.  Maybe that's
normal.  Anyway, have you configured it to be automatic and started it?

    Otherwise, look at the properties of the icon to your manager, make sure
that its target is sthg like
%SystemRoot%\System32\Inetsrv\iis.msc
and it starts in
%SystemRoot%\System32\inetsrv

    Or else, try to connect the computer manually.

    Make sure also that localhost can be seen.  Otherwise, try to reinstall
it.