The Template Persistent Cache initialization & IIS Application Pool

A quite funny monday morning. Our network police, Mr.Pais rushed to the desk with his lappy and wooed, finding a strange issue with IIS application pool. Obvious, he wont stay cool until and unless finds a solution. The brainstomer had given a glimspe of the error message the Event Viewer had been throwing for the last whole week. He observed the issue was registering in the log every morning before the office hour starts. Here is the event viewr log.

Event Type: Error
Event Source: Active Server Pages
Event Category: None
Event ID: 5
Date: 14/05/2004
Time: 4:32:55 AM
User: N/A
Computer: 001DC001
Description:

Error: The Template Persistent Cache initialization failed for Application Pool 'DefaultAppPool' because of the following error: Could not create a Disk Cache Sub-directory for the Application Pool. The data may have additional error codes..

Googleoscoped the solution, suggested him the workaround.

A. Add the NT AUTHORITY\NETWORK SERVICE account to
C:\WINDOWS\Help\iisHelp\common with "Read and Execute," "List Folder Contents" and "Read".

B. Add the NT AUTHORITY\NETWORK SERVICE account to
C:\WINDOWS\system32\inetsrv\ASP Compiled Templates with Full Control.

C. Add the NT AUTHORITY\NETWORK SERVICE account to
C:\WINDOWS\IIS Temporary Compressed Files with Full Control.

Do an IIS Reset.

You know what, he never turned up saying the same. Issue must be solved. ;)