On Trying to Debug an application, by the F5 key I get the error: ‘Error while trying to run project: Unable to start debugging on the web server. Catastrophic failure’

This issue occurs if the account that is used to run the ASP.NET Worker process (by default, the ASPNET user account) is not assigned the ‘Impersonate a client after authentication’ user right in the ‘Local Security Policy’ settings. This issue may occur when you install Microsoft Visual
Studio .NET after you install Windows 2000 Service Pack 4 (SP4) on the computer. In this situation, the ASPNET account is not assigned the ‘Impersonate a client after authentication’ user right in the ‘Local Security Policy’ settings.To resolve it, please use the method at:

To work around the problem, manually assign Impersonate a client after authentication to the IWAM account. To do so, follow these steps:

1. Click Start, point to Programs, point to Administrative Tools, and then click Domain Controller Security Policy.
2. Click Security Settings.
3. Click Local Policies, and then click User Rights Assignment.
4. In the right pane, double-click Impersonate a client after authentication.
5. In the Security Policy Setting window, click Define these policy settings.
6. Click Add, and then click Browse.
7. In the Select Users or Groups window, select the IWAM account name, click Add, and then click OK.
8. Click OK, and then click OK again.
9. To enforce an update of computer policy, type the following command:
   secedit /refreshpolicy machine_policy /enforce
10. At a command prompt, type iisreset.In case your server is a Domain Controller
    Refer PRB: ‘Catastrophic Failure’ Error Message When You Try to Debug an ASP.NET Application on Windows 2000 Domain Controller