I have checked the properties of C:\Program Files\Microsoft Office\OFFICE11.EXE under the Compatibility tab display settings making sure all options were unchecked. Specifically Run in 640 X 480 screen resolution.
I have re-installed the display adapters and did have the latest installed. All other office 2003 suite applications open fine as well as all other applications on my computer. The computer is also free of malicious spyware, ad-aware, and any other items you may seem to find lurking in the depths of a PC.
My next step is to re-install but thought I would ask some experts before taking this route.
Thanks in advance for your time!