VC++5.0 Executable files and Windows 7

Hi All,

           We have an application build using MS Developer Studio 97 ( VC++ 5.0) and we are planning to upgrade the OS from XP to Windows 7. Can someone help us on the following questions

1. Will the application be comaptiable running in Windows 7

2. Any release notes from MS  pertainig to MS Developer Studio 97  and Windows 7

3. Are these executable created using VC++5.0 is certified to work in Windows7

Please advice us.

Thanks

Karthik