COM+ Queued component : Error 80080005 Server execution failed. Error Code = 0xc00e0003

On a windows server 2003, we are not able to start a Queued COM+ application. It fails with the error: 80080005 Server execution failed.In the event logs we see the following entries : Event Type: ErrorEvent Source: COM+Event Category: (115)Event ID: 4811Date: 12/24/2010Time: 4:27:39 PMUser: N/AComputer: Description:An unexpected error was returned by Message Queuing API…

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System.Security.SecurityException: Request for the permission of type System.Security.Permissions.SecurityPermission failed.

WCF service Pieserver is hosted in IIS 7.5. It is using wshttpbinding.client : console application. We are able to add the service reference but get the exception below when we call any methods on the proxy object : Error Message: System.ServiceModel.FaultException`1[System.ServiceModel.ExceptionDetail]: The type initializer for ‘OSIsoft.RtBaseline.DataService.ServerManager’ threw an exception. System.TypeInitializationException: The type initializer for ‘OSIsoft.RtBaseline.DataService.ServerManager’…

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