Word and Outlook must be the same version if you want to use Word as your
email editor in Outlook.
Close Outlook and Word. Locate your OLE32.DLL file. The default folder for
this file is C:\Windows\System32. Click on Start | Run. In the "Open" box,
type:
regsvr32 c:\windows\system32\ole32.dll
If necessary, replace "c:\windows\system32" with the actual path to the
ole32.dll file on your computer. You only have to run this command once (not
every time you start the computer). Exit. Restart Windows. Do you still
get the error message?