>I am preparing to upgrade from VFP 3.0 (not 3.0b) to VFP 5.0 (not 5.0a). As I understand from other threads, I need to uninstall VFP 3.0 from my c-drive and install 5.0 as if Visual FoxPro were a totally new creature to live on my PC. Is this correct?
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>After upgrading the programming environment, I need to upgrade my project to VFP 5.0. To do this, I simply bring up the project in 5.0 and recompile ALL files - correct?
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>TIA for any assistance.

Generally, it is not necessary to remove VFP 3.0. You just have to install VFP 5.0 to different directory.
If you try to open VFP 3.0 project in 5.0, it will suggest you to convert it.
There are several options involved. Don't forget to have backup copy of VFP 3.0 project.

Nick