Visual Web Dev Express and .NET 1.1

I understand that Visual Web Dev Express installs the .NET 2 Framework. If I install that, will I still be able to compile libraries with the same machine for use on a web server running the .NET 1.1 framework? Does it matter? I am a web developer and I don't use Visual Studio. I just compile single libraries from the command line for my web site.

[357 byte] By [Danielle] at [2008-3-6]
# 1
The .NET Frameworks are designed to run side-by-side. So you can continue to use the .NET 1.1 command-line utilities to compile .NET 1.1 assembies.

However, be aware that .NET 2.0 will not be able to compile assemblies that are compatible to .NET 1.1.

DavidM.Kean at 2007-8-21 > top of Msdn Tech,.NET Development,.NET Base Class Library...

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