Read the steps I followed, and I've got a simple question at the end:

1. In IIS, I created a virtual directory, http://localhost/testing1 in

C:\Documents and Settings\mendhak\My Documents\Visual Studio Projects

2. In VS.NET I created a new Web Project and specified http://localhost/testing1

3. I created an extremely simple page (a page with a button on it), and when I tried to view it, I got "security permission" errors.

4. I went to C:\Documents and Settings\mendhak\My Documents\Visual Studio Projects and shared testing1 (like a network share) and when I refreshed the erroneous browser, it worked fine.

My question is: Is this sharing of folders necessary?