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NetCOBOL V11.0 Getting Started
FUJITSU Software

1.2.5 Converting Version 3 Projects

If you open a P-STAFF Version 3 project with NetCOBOL or Fujitsu COBOL (Version 4 or later), COBOL Project Manager will convert the project into the current project format.

This is true whether you open the project from COBOL Project Manager or from Windows Explorer.