by Grzegorz Graniczkowski

menu start ->run -> mmc /32

add in: Component Services
my Computer -> DCOM Config -> find  MS Word APP – can have other CLSID as in error message

MS Word APP name: Document MS Word 97-2003 {000209FF-0000-0000-c000-000.(0).46 }

Change Security -> launch and Activation permissions -> Customize, add user and password  (PSTS/PBs)
Change Identity -> Identity -> This user

check folders exists and user have permission to this folers

for x64 system is necessary to create the following folder: C:\Windows\SysWOW64\config\systemprofile\Desktop
for x86 system: C:\Windows\System32\config\systemprofile\Desktop