Use the IIS IisExt.vb command-line script to add the executable to the WSERL.
iisext /EnFile C:\Program Files\ISE\EnterpriseSCHEDULE\SCHEDULE.CGI
You should see the following response:
Connecting to server ...Done.
Enabling extension file complete.
For more information see the Microsoft Knowledgebase article 328360 and Configuring CGI Applications pages.