How do I move local security policy settings in Windows Server 2003?

I am trying to move the local group policy off a Windows Server 2003 computer to another server.  Neither of these servers are connected to a domain, therefore I am unable to use the GP Management Console.  
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This is a standard task :)
Open mmc, select add/remove snapin, add security configuration and analysis and open a new database, import basicsv.inf and analyse (not configure!) your server. Afterwards you can export your settings into a security template. That template can be opened the same way on a new server and then you can select configure system now.
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