assemblies in sub directory?

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Hi all,

I am in the process of trying to append a mini app to an existing site
in .NET 1.1. The mini app will be added in a sub directory. The
existing app uses a custom assembly build a couple of years ago. My
mini app, however, requires the updated version of that assembly.

Is there some way I can allow the two versions of the assembly to co-
exist side by side so that the existing app will continue to use the
original assembly but my app will be binded to the newer version?

Thank you for all your help in advance!
.