ASPNET Account Security Problem - Running a Web Application over a network share

> All,
>
> If anyone has been following my trials over the last week see(Setting up a
> Web Application on IIS 5.1 and ASP.Net Security Problems).
>
> I'm having a problem running a Asp.Net Web Application. I've finally
> narrowed the problem down to a security issue: The ASPNET (aspnet_wp)
> account cannot connect to a Network resource instead of using a local path
> ie: C:\Inetpub\wwwroot my development site resides on a Network Share
> (\\{MyServerName}\wwwroot).
>
> Every thing works fine is I connect to the site using a local path but I get
> a Parser Error Message: Could not load type 'WebApplication1.Global'.
> Source Error:
> Line 1: <%@ Application Codebehind="Global.asax.vb"
> Inherits="WebApplication1.Global" %>
>
> If I try to load the page from a shared resource (\\Server\xxx)
>
> I've tried adding this line to the web.config file imeditly under the
> <authentication mode="Windows" /> tag - in the applications root directory
> but I'm still unable to connect:
> <identity impersonate="true" userName="{MyServerName}\{UserName}}"
> password="{Password} " />
> Policy editor
>
> I have even tried creating a virtual directory to the folder even though the
> Web Application is below the wwwroot.
>
> FYI I've tried every possible combination of the
> {MyServerName}\{UserName}"ie server\administrator / SERVER\administrator /
> Server\Administrator etc.
>
> Everything I've seen posted seams to suggest this should have worked. I'll
> be very grateful for any help.
>
> CES