Unfortunately, Microsoft is somewhat vague when it comes to the actual functionality in this area with regard to VB.NET Standard Edition. The MS VB Website does say if you plan to migrate VB applications to VB.NET, you should be using VB.NET Professional (see http://msdn.microsoft.com/vbasic/howtobuy/choosing.aspx). Also, the following KB article (http://support.microsoft.com/default.aspx?scid=kb;en-us;317345) says that Visual Studio.NET is a requirement. Technically, VB.NET Standard and Visual Studio.NET are not the same product. I am only guessing, but I think you may be looking at upgrading to the minimum VS.NET available (which is VS.NET Professional).
This was first published in August 2004