You must create a virtual directory in IIS manager, such as Discover.
To create a virtual directory, perform the following:
In the Connection pane, expand Server, expand Sites, right-click Default Web Site and select Add Virtual Directory.
The Add Virtual Directory window appears.
In the Alias box, enter an alias name; for example, Discover.
In the Physical path box, enter the following path:
CE_Installtion_Folder]\Web Services.NET Generator\utilities\discoveryTool