You need to do the 7.01 update and then the 7.02 update.
http://www.adobe.com/support/coldfusion/downloads_updates.html#mx7

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Ken Ford
Adobe Community Expert
Fordwebs, LLC
http://www.fordwebs.com
>I installed coldfusion mx 7 and tried to update it and this is what I am
> getting. We are running ms server 2003 with IIS, any suggestions
>
> Unsupported Version This is not a valid version of ColdFusion MX 7.0.1
> (Server Configuration) or it is unsupported by the updater