tony_toni_tone_1.552494167436593E12 asked a question.
AdminStudio 8.0 and 8.5 compatability
Can ISM's produced with 8.5 be opened with 8?
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It should work in the same fashion as any previous release--when you open it with the newer version, it creates a backup with the schema designation as the extension (*.755 for IS12, IIRC), and then it upgrades the new copy that maintains the *.ism extension.
I've upgraded plenty of projects this way, myself.