The current identity (NT AUTHORITY\NETWORK SERVICE) does not have write access to 'C:\WINDOWS\Microsoft.NET\Framework\v2.0.50727\Temporary ASP.NET Files'.
The Solution:
1. Goto command prompt then navigate to directory
C:\WINDOWS\Microsoft.NET\Framework\v2.0.50727
2. Now run this command
aspnet_regiis -ga "NT AUTHORITY\NETWORK SERVICE"