Migrating laptops and created new virtual directory for existing app coming from old box.
FORGOT TO TURN ANONYMOUS ACCESS OFF! This caused application to execute with inadequate permissions and triggered several exceptions which the exception manager couldn't publish (triggering more exceptions).
I chased my tail trying to give ASPNET adequate permissions for about an hour until I realized I had forgotten to turn off ANONYMOUS access OFF in ISS Mgt. Console.
Idiot!
