C:\Program Files\Microsoft Office\Office\POWERPNT.EXE is not a valid Win 32 application.


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http://support.microsoft.com/default.aspx?scid=kb;EN-US;q251032

The above Kbase has one article about this problem. It says that Office 2000
Small Business Edition (the one included with many computers) doesn't
include PowerPoint but it does include a small 1kb PowerPnt.EXE file that's
a dummy to keep the installer script happy, apparently. It's not really
PowerPoint, of course.