Picture Manager + Word = problem

[sysio]

Hi,

when I try to send an image from Picture Manager to MS Word I receive a
message saying:

"To use this feature you must have one or more of the following programs
installed: Microsoft Office Excel, Microsoft Office Outlook, Microsoft Office
PowerPoint or Microsoft Office Word. Please run your installation CD or
contact your administrator."

MS Word works without problems.

Repairing Office installation didn't help.

Problem refers to MS Office 2003.

Thanks in advance