Microsoft Knowledge Base Article 320049 contains the following summary:

This step-by-step article describes how to create a new permissions template for your Web site or File Transfer Protocol (FTP) site by using the IIS Permissions Wizard Template Maker in Microsoft Internet Information Services (IIS) 5.0.

A Permissions template is a collection of security settings that include access control permissions, authentication methods, and IP address restrictions. You can use these settings to configure access to your Web site or FTP site. Permissions templates are stored in the metabase in the following location:

Web templates: LM\W3SVC\Info\Templates
FTP templates: LM\FTPSVC\Info\Templates

The IIS Permissions Wizard Template Maker is available in the Microsoft Windows 2000 Server Resource Kit. You can use this tool to edit existing Permissions templates or to create new templates that you can apply to your Web site or FTP site by using the Permissions Wizard in IIS.