I have a 30 gig drive. Fedora occupys the entire drive. Can it be partitioned and a second and different distribution such as lycoris3 be co resident ? that is can I toggle between distros ? If so, how can this be done ?

Yes, that's pretty easy.
Basically, you first decide which partitions you want - do you want to share some partitions? (swap is shared, of course.) I suggest sharing two partitions:
/home keeping users data separate from system but accessible in same place from every distro
/usr/local for stuff all users shall have access to (eg mp3's, source etc.)
You have to be careful with sharing /home, config-files might not work with different versions of a program.
Also create one /boot primary partition about 40MB, install grub here once.

I have written 2 rather lengthy instructions about this, don't feel like rewriting them:
sharing partitions
booting several distro's

Partitioning suggestion:
hda1 3GB /
hda2 5GB /
hda3 40MB /boot
hda5 512MB swap
hda6 3GB /home
hda7 18.5GB /usr/local

ok.l sounds good... all i need is a tool to do all this. My Partition Magic doesnt work gives error 110...anyone have a suggestion what tool to use ? and this might sound trivial but after i download it, I need to know how to install it.. man you are talking to a real newbie here. dont cuss just need a little help...