Multiple answers in one response...

>One comment, check the IBMMAIN Archives for discussions on COBOL V5.  There=
> are many changes to the way this compiler runs.  For one thing, the output=
> files need to be PDS/E datasets for the compiler and Load libs. =20

Almost right.  The compiler outputs can all go into PDS, but the BINDER output,
the executable, is a Program Object and can only live in PDSE.

>You cannot, as far as I know, copy a compiled COBOL V5 module to a PDS to r=
>un.  It needs to be a PDS/E.

Well, you cannot copy a bound(link edited) COBOL V5 Program Object to a PDS :-)
The Object Module output of the compiler can be in PDS.

>Also look at SHARE presentation by Tom Ross in August of 2014. And=20
>session presentation 17610, User Experience.

Please don't!  That is way out of date now, no mention of the latest
migration-easing changes we have made.  Instead look at my migration
presentation from March, 2015:
16615: How to Take Advantage of the New COBOL V5 Compiler - Migration!

If you don't have access to SHARE content, this discussion has reminded
me to update the COBOL Resource page with my newer presentation.  I sent
the request to our web page people, it should be updated by next week:
http://www-01.ibm.com/support/docview.wss?uid=swg27039560

Cheers,
TomR              >> COBOL is the Language of the Future! <<

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