Installing VS.Net 2003 doesn't automatically upgrade your IIS or install ASP.Net for the IIS. Under C:\WINDOWS\Microsoft.NET\Framework\v1.1.4322 or appropriate for your system you'll find a file named aspnet_regiis.exe. Run this file with the /i flagg for installation at the command prompt.
C:\> \WINDOWS\Microsoft.NET\Framework\v1.1.4322\aspnet_ regiis.exe /i
Hope this helps.
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