Is Microsoft .NET 2.0 somthing that will replace .NET 1.1?

I can't uninstall 1.1 (shows in uninstall list, but when selected
there is no list) and it takes 40MB, in addition 2.0 takes 93MB (or at
least this is what the "Uninstall" list says. Where are those files?
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Lars-Erik - http://home.chello.no/~larse/ - ICQ 7297605