Of course It can't
1. For Song, You should look At the detail of the song, I guess in Rpg maker 2000, You only can Play Midi, And in Rpg maker 2003 (Latest version) You can use MPEG Layer 3 Audio. Try to check it out...
2. For skills, It's different, When You use rpg maker 2003, There will use battle chara that connected with skill and battle animation, But not in Rpg maker 2000, Because in Rpg maker 2000, there aren't any Chara battle animation, And that's make it can't work , I guess...
3. For Items, I guess you better check again on the database, Maybe your battle animation don't appear too...