i have successfully created my virtual host. using the server, i can open http://www.mysite.com and http://test.mysite.com. however, when i use another workstation to open test.mysite.com, IE returns a Page Cannot Be Displayed error. Does this mean i have to add a CNAME in our DNS records? I hope somebody replies as soon as possible.
By the way, thanks to JLEDHEAD for helping me with the virtual host setup.