it is all security related. the account accessing the web page needs to have a higher level of permissions. In IIS admin\Application pools check the identity_tab using either default_app_pool or MSsharePoint, try changing this to LocalSystem...also check permissions on your web folders make sure...
you may need to edit the 'machine.config' file.
C:\WINNT\Microsoft.NET\Framework\v1.1.4322\CONFIG.
Open machine.config
find "<processmodel"
In processModel change userName from 'machine' to userName="system"
Save and exit, restart IIS... iisreset.exe
I had exactly the same problem and this...
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