To make this work, you can install and configure the Microsoft Loopback Adapter.
Jose Barreto wrote about installation and configuration in his blog and its done like this:
- Go to Start, Control Panel, Add Hardware. Click Next.
- When the Is the hardware connected? dialog box appears, click Yes, I have already connected the hardware, and then click Next.
- In the Installed hardware list, click Add a new hardware device, and then click Next.
- In the What do you want the wizard to do? list, click Install the hardware that I manually select from a list (Advanced), and then click Next.
- In the Common hardware types list, click Network adapters, and then click Next.
- In the Manufacturer list, click Microsoft.
- In the Network Adapter list, click Microsoft Loopback Adapter, and then click Next twice.
- If a message about driver signing appears, click Continue Anyway.
- In the Completing the Add Hardware Wizard dialog box, click Finish, and then click OK.
- To configure the adapter settings, go to Start, Control Panel, Network Connections, Loopback Adapter Connection.
- Then click properties, click on "Internet Properties (TCP/IP)" and click Properties.I configured my Loopback adapter with a fixed IP of 10.255.255.1 with a 255.255.255.0 mask. I left the default gateway blank on that adapter, so that it uses the other (DHCP-enabled) adapter to get out.
Link to Jose Barreto's blog: http://blogs.technet.com/josebda/archive/2006/11/07/installing-rtm.aspx