Virtual Directory Name: A name for the
virtual directory that Web browsers use to access that directory. Alias
is usually a shorter representation of a path, thus saves the client from
having to type in the whole path.
Content Directory: A path for the home
directory, which should be in the domain file system and relative to your
Web folder.
Note:
If the home directory specified is outside inetpub\wwwroot,
then server will prompt the client for authentication.
Microsoft .NET Version:
Select the version of Microsoft .NET framework to be used by the virtual
directory.
This field is displayed only
if Microsoft .NET Applications
has been enabled for the organization.
Create content directory if missing: Select this check
box if the above-mentioned content directory needs to be created.