Problem with Application Settings and DLL.

Hello,
I have a Web application that consumes a DLL and I am having trouble with the application settings of the DLL.
In the DLL project, I created an app.config file and added 1 application setting:
<applicationSettings>
<ClassLibrary1.My.MySettings>
<setting name="DBLocalDataSource" serializeAs="String">
<value>Path1\MyDb1.mdb</value>
</setting>
</ClassLibrary1.My.MySettings>
</applicationSettings>The code in my class is as simple as this:

Public Class Class1
Public DbSource As String

Sub New()
Me.DbSource = My.Settings.DBLocalDataSource
End Sub
End Class
I compiled the DLL, copied the .dll into the bin folder of my web application, created the reference, all is good here.
Then in the Web.config fi ...