Want to install two different versions of the same software???

I have two older versions of Freemake Video Converter preserved on a data disc.
The 302 has an attractive Motion Menu as it's top menu and the later 401 has a different kind of top menu called 'Text menu' when burning a DVD
I like both versions and would like to know if there is a practical way of installing BOTH versions onto my windows 7 pc?
Usually, if you install one and then try the other, the first version is superseded by the second. Please tell me in step by step detail what to do and how to do it, please?

Not sure, but i think if you give them a slightly different install folder it will let you play the different version.

i.e. one folder called Freemake video converter and another called freemake video converter 3.02

There normally only superseded by being installed over the same installation folder.