VS 2010 Serialization

I have a question about Serialization.

If I Serialize an Object in an application called 'CanLucidDream', can I De-serialize this Object in an application called 'CanLucidMigrationTool'.

I am asking this question because I am getting the following Exception:

I am getting this error when trying to De-serialize the Object in an application called 'CanLucidMigrationTool'.

Is a feature of Serialization that the object can only be De-serialized in the same application that serializes the object?