Warning: Unable to find the target version of the .NET frame

[yehlu]

Tools>Options>Paths>.NET SDK
C:\WINDOWS\Microsoft.NET\Framework\v1.1.4322

Note: If you are using the 1.1 framework you should right click on the project name in the Project Explorer and change the Target Framework to 1.1, the default is set to 1.0, if you don't change it you will get an anoyance warning when build.