New Web Project and Deployement problem

On the client side I am running XP Professional with VS.NET 2002.

On the server side I am running 2003 Server with IIS. My web files are
physically in the default folder of C:\InetPub\wwwroot and is shared
as \\portal\iwwwroot.

I am able to map a drive (from within Windows Explorer) and create and
modify files with no problems.

BUT...

When I try to create a new web project named
http://portal/iwwwroot/WebApplication1 from within VS.NET I am getting
the following error:

The default Web access mode for this project is set to file share, but
the project folder at 'http://portal/iwwwroot/WebApplication1' cannot
be opened with the path '\\portal\wwwroot$\iwwwroot\WebApplication1'.
The error returned was:

Unable to create Web project 'iwwwroot/WebApplication1'. The UNC share
'\\portal\wwwroot$\iwwwroot\WebApplication1' does not exist or you do
not have access.

What would you like to do?

* Retry using a different file share path
Location \\portal\wwwroot$\iwwwroot\WebApplication1

o Try to open the project with FrontPage Server Extensions

Not sure where wwwroot$ is coming from, but even when I remove it from
the retry texbox, the error still occurs.

(BTW - The FrontPage option does not work either but that is probably
another issue.)

Thanks for any help you can provide.

- Jason

Thanks.

Creating the share wwwroot$ worked but now I get a different error.

The Web was created successfully, but an error occurred when trying to
configure the application root for this Web. Web projects may not
operate correctly without an application root. The returned error was:
Active Directory Services cannot find the web server. A possible cause
for this is an incompatibility between versions of Internet
Information Server (IIS) on the the client and the server. The usual
cause for this error is creating Web projects on a Windows 2000 or
newer server from a Windows NT 4.0 client.
You can manually configure the application root using the Internet
Services Manager.

What is happening? Is VS.NET trying to create a web app in the
metabase (or whatever IIS configure info is called)? How can I fix
this?

Again. Thank you.

- Jason