Microsoft.net Minimum Hardware configuration

Question

Hi all,

I have a PC which is Intel 810 chipset,P III 500Mhz ,64 Mb SD RAM.I am able to install Windows XP professional in it.

Now the question is 

1.Will .Net framework will get installed in the above said config.PC ?
2.What is the minimum hardware requirement for .Net frame work to run. ?

Please let me know if there's anything in hardware that I should upgarde.

Regards
-Bengi duke.