SQL DB Connection Issue [Newb to DiscountASP]

I am having trouble accessing my DB on SQL2005 that I just added. Does anyone know how to fix this? Thxs
The 'System.Web.Security.SqlMembershipProvider' requires a database schema compatible with schema version '1'. However, the current database schema is not compatible with this version. You may need to either install a compatible schema with aspnet_regsql.exe (available in the framework installation directory), or upgrade the provider to a newer version.
Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code.

Exception Details: System.Configuration.Provider.ProviderException: The 'System.Web.Security.SqlMembershipProvider' requires a database schema compatible with schema version '1'. However, the current database schema is not compatible with this version. You may need to either install a compatible schema with aspnet_regsql.exe (available in the framework installation directory), or upgrade the provider to a newer version.

Source Error:

An unhandled exception was generated during the execution of the current web request. Information regarding the origin and location of the exception can be identified using the exception stack trace below.

Stack Trace:

[ProviderException: The 'System.Web.Security.SqlMembershipProvider' requires a database schema compatible with schema version '1'. However, the current database schema is not compatible with this version. You may need to either install a compatible schema with aspnet_regsql.exe (available in the framework installation directory), or upgrade the provider to a newer version.]
System.Web.Util.SecUtility.CheckSchemaVersion(ProviderBase provider, SqlConnection connection, String[] features, String version, Int32& schemaVersionCheck) +589
System.Web.Security.SqlMembershipProvider.CheckSchemaVersion(SqlConnection connection) +85
System.Web.Security.SqlMembershipProvider.CreateUser(String username, String password, String email, String passwordQuestion, String passwordAnswer, Boolean isApproved, Object providerUserKey, MembershipCreateStatus& status) +3629
System.Web.UI.WebControls.CreateUserWizard.AttemptCreateUser() +305
System.Web.UI.WebControls.CreateUserWizard.OnNextButtonClick(WizardNavigationEventArgs e) +105
System.Web.UI.WebControls.Wizard.OnBubbleEvent(Object source, EventArgs e) +453
System.Web.UI.WebControls.CreateUserWizard.OnBubbleEvent(Object source, EventArgs e) +149
System.Web.UI.WebControls.WizardChildTable.OnBubbleEvent(Object source, EventArgs args) +17
System.Web.UI.Control.RaiseBubbleEvent(Object source, EventArgs args) +35
System.Web.UI.WebControls.Button.OnCommand(CommandEventArgs e) +115
System.Web.UI.WebControls.Button.RaisePostBackEvent(String eventArgument) +163
System.Web.UI.WebControls.Button.System.Web.UI.IPostBackEventHandler.RaisePostBackEvent(String eventArgument) +7
System.Web.UI.Page.RaisePostBackEvent(IPostBackEventHandler sourceControl, String eventArgument) +11
System.Web.UI.Page.RaisePostBackEvent(NameValueCollection postData) +33
System.Web.UI.Page.ProcessRequestMain(Boolean includeStagesBeforeAsyncPoint, Boolean includeStagesAfterAsyncPoint) +1746