Excel gives a Visual Basic Class error

After installing Macintosh Office 2004 and patching it on my new Mac Pro I got the following error. Microsoft Visual Basic Class not registered. Looking for object with
CLSID: {AC9F2F90-E877-11CE-9F68-00A00574A4F}

After trying different things I found that deleting the folder ~/Library/Preferences/Microsoft fixed the issue. ~ is your home folder. Everything in the folder will be remade. I checked Excel, Word and Entourage and all had kept their preferences. Only Remote Desktop had reset back to default.
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