download a website

let's say there is a website which is made of mostly .asp files. Using a copy of an offline browser (offline explorer) and the site has been downloaded onto a hardisk. Eventually when try to clicking a hyperlink rather than returning the linked (desired) page, i'm getting a simple page displaying some html code (which makes sense, since ASP is server-side processed).

However, if i will add the IIS Component to a WIN XP Pro installation, will this website works well locally or am i missing something ?

Thanks.