Not unless you have upgraded to AppleShare 3.0.
To use AppleShare PrintServer 2.0 with System 7 clients, you need to update
only the LaserWriter drivers on the Print Server.
1) Quit the AppleShare PrintServer application and return to the Finder.
2) Insert System 7's "Printing" disk.
3) Drag two files from the "Printing" disk--LaserWriter and LaserPrep--into
the System folder.
4) Double-click the AppleShare PrintServer application.
5) Optional: If your server also supports the AppleTalk ImageWriter II
and/or the AppleTalk ImageWriter LQ, drag these drivers over too.
Your AppleShare PrintServer is now set up to work properly with all
Macintosh computers using the 7.0 version of the LaserWriter drivers.
Note: Do not upgrade the system software on your 2.0.1 AppleShare
PrintServer to System 7. If you want System 7 on the server, you will need
to upgrade to AppleShare 3.0.