W2K3 Std Multiple Static Address causes "Acquiring Network Address"

I have a W2K3 Std server that I'm trying to configure. Unfortunately,
as soon as I assign a second static address to either adapter, that
adapter starts displaying "Acquiring Network Address"

I need the multiple address for SSL assignment, otherwise I would give
a rat's backside. Unfortunately, when I try to browse HTTP on any of
the additional addresses, I get the "under construction" response.

Any ideas what may be happening here. I've never seen this behavior
before.