SBS 2003/.net framework

I am about to upgrade to SBS 2003 from SBS 2000. I gather that 2003 comes
with .net framework version 1.1. We currently use a .Net application that is
only tested to work on .net framework ver 1.0

When I upgrade will the current 1.0 framework be upgraded to version 1.1, or
will it install a new version of 1.1 and leave the exisitng framework alone?
I understand that both versions of the framework can be installed on the same
machine. If it does upgrade the current version will I be ok installing 1.0
again on SBS 2003?


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