hierarchical permissions?

Hi: Is the following possible with MSFTP?

-- Stand-Alone Windows Server 2003 Web Edition with one IP
-- web admin needs change permissions on entire website directory
-- less-privileged user needs read permissions on subdirectory in website
-- no anonymous access

I basically need a login for uploading content changes to the entire
website, and then a separate login that's distributed to users that gives
them access to a download folder which is a subdirectory of the website.

I can't figure out how to do this! If it's possible, can someone explain to
me how to set it up?



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