XP, SQL2K SP4, IIS5

Did all the install stuff.... got this error:

Source Error:

Line 6:          </sectionGroup>
Line 7:         <section name="nhibernate" 
Line 8:            type="System.Configuration.NameValueSectionHandler, System, 
Line 9:             Version=1.0.5000.0,Culture=neutral, PublicKeyToken=b77a5c561934e089" />
Line 10:        <section name="microsoft.web.services2" 

AND THIS APPLICATION INFORMATION

Assembly Load Trace: The following information can be helpful to determine why the assembly 'System' could not be loaded.

=== Pre-bind state information ===
LOG: DisplayName = System, Culture=neutral, PublicKeyToken=b77a5c561934e089
 (Partial)
LOG: Appbase = file:///C:/Inetpub/Geminiv203/Deploy/Step2WebApp
LOG: Initial PrivatePath = bin


Calling assembly : (Unknown).

LOG: Policy not being applied to reference at this time (private, custom, partial, or location-based assembly bind).
LOG: Post-policy reference: System, Culture=neutral, PublicKeyToken=b77a5c561934e089
LOG: Attempting download of new URL file:///c:/windows/microsoft.net/framework/v1.1.4322/Temporary ASP.NET Files/gemini/e9b41002/23f225b7/System.DLL.
LOG: Attempting download of new URL file:///c:/windows/microsoft.net/framework/v1.1.4322/Temporary ASP.NET Files/gemini/e9b41002/23f225b7/System/System.DLL.
LOG: Attempting download of new URL file:///C:/Inetpub/Geminiv203/Deploy/Step2WebApp/bin/System.DLL.
LOG: Attempting download of new URL file:///C:/Inetpub/Geminiv203/Deploy/Step2WebApp/bin/System/System.DLL.
LOG: Attempting download of new URL file:///c:/windows/microsoft.net/framework/v1.1.4322/Temporary ASP.NET Files/gemini/e9b41002/23f225b7/System.EXE.
LOG: Attempting download of new URL file:///c:/windows/microsoft.net/framework/v1.1.4322/Temporary ASP.NET Files/gemini/e9b41002/23f225b7/System/System.EXE.
LOG: Attempting download of new URL file:///C:/Inetpub/Geminiv203/Deploy/Step2WebApp/bin/System.EXE.