Team Code repository in VS

I'm trying to push the teamwork aspect of the development team I work in.  We
tend to all have indivudual projects at the mo, rather than many of us working
on 1 project.  There is still a lot of common ground though.  Where class &
user controls are no doubt being duplicated by members to different standards. 

I would like to push to get these built to a standard and established in a
repository which is available to all the team from their IDE.

Is there anything like this functionality built into VS, or can anyone point me
in the right direction?

We currently use VS2005 & VSS6.0 (used more as a file check in system rather
than a integrated program). :(

However I've been investigating a business case for VSTS Developer &
Foundation Server, which may help move us onwards.

Thanks,

David