Simple Error ASP.NET 1.1 Wrong Version

I just installed IIS on my Windows XP Pro machine, and tried to create a projoect using Visual Studio.NET but i get this error.

Visual Studio .NET has detected that the specified Web server is not running ASP.NET version 1.1. you will be unable to run ASP.NET Web applications or services.

Any ideas?open up a dos window from VS and run this :

C:\WINDOWS\Microsoft.NET\Framework\v2.0.50727\aspnet_regiis /i

You will have to change the version number/folder but that should set up v1.1
which is 1.1.4322
I have visualbasic 6 on my machine would that affect it?
I just tried to run what you said and it dosent work

Here is the error

http://img98.imageshack.us/img98/7430/errormessage8fq.jpg (http://imageshack.us)
See my signature, and if it doesnt work, replace WINNT with WINDOWS
Finally, you can also just download the ASP.Net installer and have it install again.

You can get it at www.asp.net
It seems to be working now.