When upgrading the master database, the SQL Server Upgrade Wizard can upgrade several configuration options:
Login and remote login registrations and server configuration options relevant to Microsoft® SQL Server™ version 7.0 are transferred as part of the version upgrade process. The SQL Server 6.x configuration options not used in SQL Server 7.0, or not recommended to be set to nondefault values, are not transferred.
All articles, subscriptions, and publications of each selected database, including the distribution database, if any, are transferred and upgraded.
All tasks scheduled by SQL Executive are transferred and upgraded so that SQL Server 7.0 can schedule and run the tasks in SQL Server Agent.
Note Upgrading replication or SQL Executive settings causes existing modifications that have already been made to the SQL Server 7.0 replication or SQL Server Agent settings to be overwritten.