Error message in the SQL Server Errorlog file after you upgrade SQL Server 2000 to SQL Server 2005 on a server that is running Windows Server 2003: "Unable to update password policy"
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Product: Microsoft SQL Server 2005 Standard Edition & SQL Server 2005 Enterprise Edition
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Error message in the SQL Server Errorlog file after you upgrade SQL Server 2000 to SQL Server 2005 on a server that is running Windows Server 2003: "Unable to update password policy"
http://support.microsoft.com/kb/936892/en-US