Run Classic ASP pages with IIS7, IIS6

In IIS 7.0 and 7.5, Classic ASP is not installed by default. Because of this, you might see HTTP 404 errors when you try to browse to an ASP page on your server, or you might see the source code for your ASP page displayed in your browser window. Both of these error conditions are created when configuration settings that are used to define the environment for classic ASP are not installed.
To support and configure ASP applications on your Web server, you must install the ASP module. To install the ASP module on IIS 7.0 and IIS 7.5, Refer following link :

http://learn.iis.net/page.aspx/562/classic-asp-not-installed-by-default-on-iis-70-and-iis-75/
If you still get Error :
HTTP/1.1 New Application Failed
To fix this in IIS , find the configuration file, in my case at c:\Windows\System32\inetsrv\applicationhost.config.
After making a backup, open it in a text editor and find the line

change the Deny to Allow.

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