Can IIS 5.0 run ASP.net 1.1 and 2.0 as separate website?

The only reason I am asking this question, is because the box described
below is in production. If I had an other one like it for development I
would test it there and not be asking this question. The microsoft website
does not say.

My problem:
I have been given a project that is to run on a Win2000 server which is
happly running ISS 5.0 and ASP.net 1.1 websites. Both ASP.net 1.1 and 2.0
frameworks are installed, and in the properties page for each website has
the ASP.net tab with the both frameworks available in the drop down.

My understanding is IIS 5.0 can run ASP.net 2.0 web apps, but can not run
both. IE It can not
Website A runs 1.1
Website B runs 1.1
Website C runs 2.0
They all must be 1.1 or 2.0 but not a mix.

I am loth to create the new website and set it to use ASP.net 2.0, and bring
down IIS the other websites.

Thnak you.
Greg