I have a very small network set up (1 Windows Server 2003 (with Exchange 2003), and several XP workstations). If I run gpedit.msc or MMC (and add the Local Group Policy snap-in), I am not able to edit any of the policies under Computer Configuration. For example, I am trying to disable Password Complexity. When I open the properties of that policy, both options are grayed-out not allowing me to change it. This is the same for all under Computer Configuration. I am able to edit the policies under User Configuration though.
I am logged in as the administrator account which is a member of the domain admins and Group Policy Creator Owners groups in AD. I have also tried creating another account with similar permissions, also no success.
I have tried a few Reg hacks with no success.