Some data sets are delivered in ArcInfo Interchange file format (*.e00). In order to use these files with ArcGIS (ArcView), they must be imported to ArcInfo coverages at which point they can be exported to shapefile format (native to ArcView). The following procedure outlines the steps necessary to import an Interchange File.
Importing an "e00" file for use in ArcView


Converting a Coverage to a Shapefile
Coverages are stored in coverage workspaces and contain feature
classes. All feature classes in a coverage share a common coordinate system.
In the graphic below, "ct539" is a coverage; and arc, label, polygon,
and tic are feature classes. Notice that coverages can contain more
than one feature class. The names for feature classes in a coverage are
predefined in the coverage data model. You can change the name of a coverage,
but not the names of its feature classes.

Shapefiles store a single feature class in a file-based format. In the graphic above, the file "ct539_niag" is a shapefile.
It is more convenient and faster to work with shapefiles, although both file formats are functional in ArcMap.
The shapefile does not depend on the coverage file, therefore, it is ok to delete the coverage altogether, using ArcCatalog.