Hi
If I am right, you may be having the following layout:
ISP --- modem ---- Computer (connected via ethernet port on modem)
You can do the following:
Step 1 : Go to your network connections (if you are using xp), double click your active connection (Local Area Connection). Under the support tab, click details (IP address, Subnet, Default Gateway, DNS Server, WINS) and note down the listed information on a piece of paper...
Step 2 : Remove the ethernet wire connected to your computer.
Step 3 : Boot your SME Server with the ethernet wire from the modem now connected to SME's external interface (your preference) (should have two adapters to work as a gateway) and login as admin...
Step 4: Select configure this server..(Configure as gateway)
Step 5 : When you reach the page where it asks for External Interface configuration, select static IP and hit enter
Step 6 : For IP address, enter the address you noted down on paper.
Step 7:Enter the subnet Mask for Netmask
Step 8: For gateway IP, enter the Default gateway IP you noted down...
Step 9: You can enable DHCP on the local lan ie your local interface... to which your computer will now be connected
Step 10: Just keep on hitting next, till it asks you to reboot...
You are done! Hope this helps...