Help: Cannot create any web application

[JASHINA]

I cannot open any web project even cannot create a new
one. The message for create a new web project is:
----------------------
The default web access mode for this project is set to file share, but the
project folder at "http://locahost/WebApplication1 "cannot be opened with the
path 'd:\inetpub\www root\WebApplica tion1'. The error returned was:
Unable to create Web project 'WebApplication 1'/ The file path
'd:\inetpub\www root\WebApplica tion1' does not correspond to the URL
http://locahost/WebApplication1 . The two need to map to the same server
location. HTTP Error 500: Server Error
What would you like to do?
Retry using a different file share path
Try to open the project eith FrontPage Server Extensions

[kenobewan]

The file path
'd:\inetpub\www root\WebApplica tion1' does not correspond to the URL
http://locahost/WebApplication1 .

Do you have a C drive? Open IIS, right click on the local/ default site and check its properties. Also check the document tab. Report back so everyone can share the benefits of your findings. Thanks.