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Yes you have to install a Linux 5 or 6 first then install the ISO. But be warned, f you do not have at least 4GB of memory allocated to the VirtualBox instance you will not be able to install OVM software. My Win7 32 bit machine could not host OVM for this reason. I run my OVM on a dedicated cheap Intel ION server, 4GB's is just enough, as you have Weblogic and Oracle db Express running on the Manager tier.