SQL Server Security Setup For Web Application Access

All:

I am writing an Internet/Extranet based (ASP.Net 2.0) web application that uses SQL server 2005 as the database. I am using forms authentication on my web application. I am also storing the connection string to SQL server in my web config file. The conn string is encrypted using DPAPI with entropy. I currently have created a SQL login account on my SQL server for use by the web application. This is the user ID I am using in my conn string. The reason for this is because all persons using the application will NOT have a windows login.

Here is my question: The login I created currently has defaulted to the "dbo" role and therefore has "dbo" rights to the database. I want to setup up this login account so that all it can do is execute stored procedures. I dont want this SQL login to be able to do anything else. In my application I am using stored procedures for ALL data access functions, via a data access layer in my application. Can someone guide me step by step as to how to setup this type of access for this SQL login.

Thanks,

Blue.