Error while Deploying an Reporting Model Project

Hi

I'm getting following Error if I try to deploy my first Reporting Model Project ; The IIS server is Running on my computer however I get no response if I issue in the run commandhttp://localhost/Reports orhttp://localhost/ReportServer

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TITLE: Microsoft Semantic Model Designer

A connection could not be made to the report serverhttp://localhost/ReportServer.

ADDITIONAL INFORMATION:

The attempt to connect to the report server failed. Check your connection information and that the report server is a compatible version. (Microsoft.ReportingServices.SemanticQueryDesign)

The request failed with HTTP status 404: Not Found. (Microsoft.ReportingServices.SemanticQueryDesign)

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Thanks

[1049 byte] By [Raoshan] at [2007-12-21]