I tried a test, and got the follwoing exception.
Server Error in '/' Application.
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Cannot directly modify server variables.
So you can not write to it diretly. You might consider using the
HttpContext.Current.Items["REMOTE_ADDR"] = "123.123.123.123";
syntax. This lets you set the values in your handler/module, and they'll be available anywhere in the rest of your asp.net request.