The current version (2.101) is not bundled with Fantastico, since it is up to the hosting provider to make a minor change to the included .htaccess file, and 99.9% don't bother spending the 40 seconds it requires to do so.
Possibly you need to edit the bundled .htaccess file .., if you are getting a 404 error when browsing /directory/ That's the most likely cause.
You might consider deleting your 2.01 install and grabbing the latest version from
here
Regardless, the .htacess file will likely need to be edited to match your server's enviroment. An excerpt from the
FAQ
QUOTE:
The contents of the .htaccess file should look like this
<Files directory>
ForceType application/x-httpd-php
#SetHandler application/x-httpd-php
#SetHandler application/x-httpd-php5
#ForceType x-httpd-php
</Files>
Depending on your version of Apache you may need to use a different syntax by toggling the commented lines in the .htacess file. (note you likely wont see the 3 newer variations in your .htacess file *if you installed using Fantastico)