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Programming with reusable code and non reusable code
http://www.macronimous.com/resources/tutorials/asp_vb_dll.asp
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There are two kinds of programming. Programming with reusable code and non reusable code. To achieve reusable code you can write functions and procedures. In ASP scripts you can write functions and procedures and call them as often you want.
But the main drawback with ASP script is you can not hide your code from the buyer. This is applicable when you are writing some commercial applications and sell it. Your buyer can tweak the code and even resell it as it is his own. When you want to avoid this, here comes the concept of VB COM. More detail...
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