can't start new project asp.net web server not running app, net

[seminewbee2005]

when I click new prject in vs.net and choose asp.net web app, I get an error saying the webserver does not have asp.net version 1.1.
I just downloaded this and ran through install wizard and rebotted. so do these asp.net version 1.1 need to be installed on my computer or installed within iis???

 

[seminewbee2005]

I solved it already!
thanks too much.11
yes the solution was a one to punch of
1. start > run > cmd
C:\WINDOWS\Microsoft.NET\Framework\v1.1.4322 aspnet_regiis.exe -i (I forget the .exe the first time)

2. start > run
C:\WINDOWS\Microsoft.NET\Framework\v1.1.4322 aspnet_isapi.dll

Voowalla!