Use the DHCP MMC/Console to view the leases in the Address Lease folder.
Here is some more information from the MS Web site:
The DHCP console
The DHCP console is added to the Administrative Tools folder in Control
Panel when you install a DHCP server running Windows Server 2003. The DHCP
console appears as a Microsoft Management Console (MMC) snap-in, to further
integrate DHCP administration into your total network management.
After you install a DHCP server, you can use the DHCP console or the Netsh
commands for DHCP to perform these basic administrative server tasks:
Create scopes.
Add and configure superscopes and multicast scopes.
View and modify scope properties for scopes, such as setting additional
exclusion ranges.
Activate scopes, multicast scopes, or superscopes.
Monitor scope leasing activity by reviewing the active leases for each scope.
Create reservations in scopes as needed for DHCP clients that require a
permanent IP address for leased use.
In addition, you can also use the DHCP console or the Netsh commands for
DHCP to perform the following optional or advanced setup tasks:
Add new custom default option types.
Add and configure any user or vendor-defined option classes.
Further configure other server properties, such as audit logging or BOOTP
tables.