MFC vs .NET

if i create a managed app in vc++ .net 2005 which would happen?
1- creates a native exe or dll that uses .Net as library
2- creates a .Net Managed exe or dll exactly like what c# does

for performace consideration i need to run native to run in the kernel of my
app but also use .Net library (like forms class ADO .NET) because of the
rich capabilities. anyway i can do it in vs 2005?


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