I think u need to migrate the servers also.
Hope this helps you.
Steps to change WSAD5.1.1 environment to point jdk 1.4.1
1) Open Windows Compiler� Java � Preferences �
Select the Compliance and Classifies tab, and set the Compiler
compliance level to 1.4
�2) Then select the Java Installed JREs
Select the last checkbox in the list of Installed JREs. (Selected VM's
location should be C:\Program Files\IBM\WebSphere Studio\Application
Developer\v5.1.1\runtimes\base_v51\java\jre)
Then Click �OK'
Preferences and select the J2EE�3) Open the Windows tab.
On the Server Targeting Support Pane, Select the Enable server
targeting Support radio button.
Then Click �Apply' and �OK'
4) Change the workspace to
J2EE perspective.
Under Enterprise Applications, right click your EAR file and select
�TargetServer Modify
5) On Modify Target Server Window, select the Windows Application
Server v5.1 from the dropdown and click �OK'
6) Under Enterprise Applications, right click your EAR file and
�select TargetServer Synchronize.
7) And Click �OK'
8) Delete the existing deployed code in your EJB projects, which are
under the EAR project.
9) Rebuild all the projects and Re-Generate the RMIC code for EJB
projects.
10) Start the server. This shouldn't give any errors while starting
up.