"~/Views/Shared/_Installation.cshtml" not be found

HI There,
Im trying to do a local install on:
Windows 7 Ultimate
IIS 7.0
.NET v4.0.30319

I have created a sperate Application pool for the local site but am getting the following error:

The layout page "~/Views/Shared/_Installation.cshtml" could not be found at the following path: "~/Views/Shared/_Installation.cshtml".


Any Ideas ?
.. hmb