Does SharePoint 2003 support .NET 3.5 framework?

I would like to know if there are any concerns that we should be aware of if we were to upgrade our SharePoint 2003 server to .NET 3.5. Does this version of SharePoint even support 3.5?

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Thanks in advance.

Clint

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You might want to read this:

http://ontehfritz.wordpress.com/2008/12/03/beware-net-framework-35-sp1-and-share-point-portal-server-2003/