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1) Check to that the ASPNET User account has been created
To do this, click Start > Control Panel > Administrative Tools > Computer Management.
NOTE: ASPNET does not always install properly on Windows XP SP3, so the user account may not be created. SQL Server requires that the ASPNET account exists so that Reporting Services can be installed properly during installation. ION Enterprise Web Reporter will not function as expected if Reporting Services has not been installed properly.
Go to c:\windows\microsoft.net\framework\v2.0.50727>
Run the command "aspnet_regiis -i"
Run the command "iisreset" to restart IIS