Finally i configured and overcome the error successfully.
http://learn.iis.net/page.aspx/566/classic-asp-parent-paths-are-disabled-by-default/[
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In windows xp machine
1) Goto IIS Manager(Run--> Type inetmgr)
2) Navigate to "Default Web site"--> Right click and select "Properties"
3) Select "Home Directory" tab and there press "Configuration" button
4) Then select "Option" tab
5) Check "Enable parent directory" option (If it is unchecked)
This clears the issue for me.