Vs.Net project references and assembly file references

[tdacon]

I'm trying to what is a simple task in a non-source-controlled environment: maintain two sets of VS.Net solutions and projects for the same assembly - one with file references for subordinate assemblies, the other one with project references for the same assemblies. I'd further like to keep both solutions and project files in the same directory as the source files, and to be able to load either solution into VS.Net and have source control work correctly for check-in, check-out, etc. No combination of activities in VS.Net and Vault that I've tried seems to make this possible.

Any suggestions?

Thanks,
Tom Dacon