This is what is in the log file:
DEBUG [FTPConnection] 12 Aug 2011 08:20:18.128 : Set LocalDirectory='D:\VB\Projects\FTP Test\FTP Test\bin\Debug'
DEBUG [FTPClient] 12 Aug 2011 08:20:18.169 : Connecting to ftp://myserver/:21
DEBUG [HostNameResolver] 12 Aug 2011 08:20:18.267 : Resolving ftp://myserver/
Note that I replaced the actual server name with "myserver".