Windows 2003 advanced server license viable to install Windows Server 2003 standard?

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Tags:
Windows Licenses
Windows Server 2003
Windows Server 2003 R2
Windows Server 2003 Standard Edition
Windows Server Installation
Is the license for Windows 2003 advanced server viable to install windows 2003 server standard? We bought our Windows 2003 Advanced server r2 media, license and cals but want to install 2003 standard. Can this be done?

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my understanding is that Microsoft Server Licenses are backward compatable.

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