Can i have my website files on one server, but run them through another using IIS?

I have two xeon blade servers. I want to have the files for my website on my slower older machine, but i want to run the website through the faster newer one (this isn’t just a small normal website, this is being built to be extremely dynamic and to hold extremely large amounts of data). It sounds like this should be possible through IIS and port forwarding, i just need to know if it is built in to windows server 2003 and 2008. – thanks.