You receive a "System.IO.FileNotFoundException" exception error message when you serialize an object to XML in a Visual Studio .NET or Visual Studio 2005 project (884466)

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Steps to reproduce the behavior

1. Start Visual Studio .NET or Visual Studio 2005.
2. On the File menu, point to New, and then click Project.
   
   The New Project dialog box appears.
3. Under Project Types, click Visual Basic Projects.
   
   Note In Visual Studio 2005, click Visual Basic.
4. Under Templates, click Windows Application.
5. Type Serialization in the Name box, and then click OK.
   
   By default, a form that is named Form1 is created.
6. Add a Button control to the form.
   
   By default, a button that is named Button1 is created.
7. In Solution Explorer, right-click Form1.vb, and then click View Code.
8. Add the following code at the beginning of the Form1.vb file:

   Imports System
   Imports System.IO
   Imports System.Text
   Imports System.Xml
   Imports System.Xml.Serialization

9. Add the following code before the End Class line in the code:

       Private Sub Button1_Click(ByVal sender As System.Object, _
       ByVal e As System.EventArgs) Handles Button1.Click
           Dim obj As New Test
           obj.Main()
       End Sub

10. Add the following code after the End Class line in the code:

    ' This is the class that will be serialized.
    Public Class OrderedItem
        <XmlElement("ItemName")> _
        Public ItemName As String
    
        <XmlElement("ItemDescription")> _
        Public Description As String
    
        <XmlElement("UnitPrice")> _
        Public UnitPrice As Decimal
    
        <XmlElement("Quantity")> _
        Public Quantity As Integer
    
        <XmlElement("LineTotal")> _
        Public LineTotal As Decimal
    
        'A custom method used to calculate price per item.
        Public Sub Calculate()
            LineTotal = UnitPrice * Quantity
        End Sub
    End Class
    
    Public Class Test
    
        Public Shared Sub Main()
            Dim t As New Test
            ' Write a purchase order.
            t.SerializeObject("simple.xml")
        End Sub
    
        Private Sub SerializeObject(ByVal filename As String)
            Console.WriteLine("Writing With XmlTextWriter")
    
            Dim serializer As New XmlSerializer(GetType(OrderedItem))
            Dim i As New OrderedItem
            With i
                .ItemName = "Widget"
                .Description = "Regular Widget"
                .Quantity = 10
                .UnitPrice = CDec(2.3)
                .Calculate()
            End With
            ' Create an object of class XmlTextWriter by using an object of class FileStream.
            Dim fs As New FileStream(filename, FileMode.Create)
            Dim writer As New XmlTextWriter(fs, New UTF8Encoding)
            ' Serialize by using the object of class XmlTextWriter.
            serializer.Serialize(writer, i)
            writer.Close()
        End Sub
    End Class

11. On the Build menu, click Build Solution.
12. On the Debug menu, click Run.
    
    You receive the exception error message that is mentioned in the "Symptoms" section.