Simple .aspx page(urgent pls help)

Hi all,

I have installed Visual Studio.net on my system(WIn2000).
with SP2 for .net.

My IIS is configured and am able to run my asp scripts without any problem.

But none of my asp.net scripts get executed.

eg:

<script langauge="vb" runat="server">
Sub Page_load()
time.text=Hour(Now) & ":" & Minute(Now) & ":" & Second(Now)
End Sub
</script><html>
<head><title>Punctual Web Server</title></head>
<body>
<h1>Welcome</h1>
In WebserveLand the time is currently:
<asp:label id="time" runat="server" />
<asp:textbox id="text" runat="server" />
</body>
</html>

The above scripts just returns the foll output:
In WebserveLand the time is currently:

Is there anything else which i have to install.
pls help...

Thanks in advance,
edna.