>Houston,
>VB does not compile to native code, nor will future versions.
>Walter

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Walter,
You might want to check out an item in MSDN (dated November 1999) and titled "Take Control of the Compile Process".

Here is a small extract:
Visual Basic is a high-level language, but it uses a compiler to generate native code. This gives you a couple of important benefits, including better performance and protection for your source code. But it also means you have less control over how your binaries are compiled, which can be frustrating, especially when you want to hold down the number of files you distribute with your apps.