Does anyone know how to get around this error when running the importbuddy.php? I get it after step 2...

FastCGI Error
The FastCGI Handler was unable to process the request.

Error Details:

* The FastCGI process exceeded configured activity timeout
* Error Number: 258 (0x80070102).
* Error Description: The wait operation timed out.

HTTP Error 500 - Server Error.
Internet Information Services (IIS)