Here are some screen shots I put together called the GoDaddy 10 step:

GoDaddy Setup Screenshots (get GoDaddy Windows Hosting account here if, if you haven't already signed up for GoDaddy Classic Web Hosting.  DO NOT GET/USE GoDaddy Cloud Hosting (also known as 4GH) with ActiveVFP)

 
1.) From Dashboard/Web Site Options/Hosting/Content/IIS Management, 
choose ASP.NET 1.1
 
2.) Select "Classic" pipeline mode after clicking the "Advanced" button(at top).
 
3.) Create your virtual directory by clicking the "Create" button(at top).
 
4.) "Pending Setup" - Get a cup of coffee and wait for it to finish. 
 
5.) Setup of the virtual directory is now done (it also created a 
physical directory in this process)
 
6.) Go to the GoDaddy File Manager (Dashboard/Web Site Options/Hosting/Files) 
and make sure your new directory is there
 
7.) Now upload the zip file.  Use the "AVFP5.5(for ASP.NET 1.1).zip".
 
8.) Once uploaded, check the zip file and choose Unarchive
 
9.) Unarchive to your new directory
 
10.) This is what the new directory should now look like