By default, MSO 97 loads into C:\program files\...<br>
By default, MSO 2K loads into C:\windows\application data\...<br>
These should be fine and cause no conflict. Yes, they can reside on one PC. I have 4 versions of Office running at work.<br>
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Your install should first be 97, then 2000. So, if you already have 2000 on there, I'd uninstall it, install 97, then reinstall 2000.<br>
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Best of luck.