There was an error during processing of the managed application service auto-start for application pool: '%1'. The configured ...

There was an error during processing of the managed application service auto-start for application pool: '%1'.  The configured .Net Framework for this application pool doesn't support managed application services.  As a result, no managed application service auto-start has been completed.  To resolve this issue, please change the .Net Framework version configured for this application pool to one that supports managed application service.  The data field contains the error code.