Outlook will not initialize and run after MS 10-17 security update

[Lowery]

After MS 10-17, Outlook will not run...
Version=1
EventType=APPCRASH
EventTime=129128676794492811
ReportType=2
Consent=1
UploadTime=129128676825438096
Response.BucketId=1456365410
Response.BucketTable=1
Response.type=4
Sig[0].Name=Application Name
Sig[0].Value=OUTLOOK.EXE
Sig[1].Name=Application Version
Sig[1].Value=12.0.6514.5000
Sig[2].Name=Application Timestamp
Sig[2].Value=4a89dc70
Sig[3].Name=Fault Module Name
Sig[3].Value=unknown
Sig[4].Name=Fault Module Version
Sig[4].Value=0.0.0.0
Sig[5].Name=Fault Module Timestamp
Sig[5].Value=00000000
Sig[6].Name=Exception Code
Sig[6].Value=c0000005
Sig[7].Name=Exception Offset
Sig[7].Value=00000000
DynamicSig[1].Name=OS Version
DynamicSig[1].Value=6.0.6002.2.2.0.256.1
DynamicSig[2].Name=Locale ID
DynamicSig[2].Value=1033
UI[2]=C:\PROGRA~2\MICROS~3\Office12\OUTLOOK.EXE
UI[3]=Microsoft Office Outlook has stopped working
UI[4]=Windows can check online for a solution to the problem.
UI[5]=Check online for a solution and close the program
UI[6]=Check online for a solution later and close the program
UI[7]=Close the program
Sec[0].Key=LCID
Sec[0].Value=1033
Sec[1].Key=Brand
Sec[1].Value=Office12Crash
Sec[2].Key=skulcid
Sec[2].Value=1033
State[0].Key=Transport.DoneStage1
State[0].Value=1
FriendlyEventName=Stopped working
ConsentKey=APPCRASH
AppName=Microsoft Office Outlook
AppPath=C:\Program Files (x86)\Microsoft Office\Office12\OUTLOOK.EXE

I ran office diags and detect/repair, but no help.
I also saw an error message complaining about a device error on my system,
but none located; and an error about a Trend Micro TEMP module that had a
hash table error, so I disabled TMicro, but that had no affect, either.
I'm lost at this point...the only other things performed on my system
recently were a re-installation of Yahoo Messenger and Adobe 9.3
reader...everything else is functioning nominally.
Any professional assistance would be greatly appreciated...thank you.