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Default Excel 2K VBE hangs on open

I wanted to add I've already tried opening this in safe
mode, it still hangs.... and this is not a password-
protected project.

I can open other projects with VBE just fine.


-----Original Message-----
I have had a lot of problems with VBE hanging when

opening projects.

Early on I thought it was related to password protection,

so I started
saving versions of worksheets as I was making changes

without a
password. Everytime I change the project and save it, I

name it v1.1,
v1.2, v1.3, etc.

Made some changes last week and saved it, now when I open

the
worksheet and click on Tools/VBE it stops responding.

Win2K, SP4, Office 2K, SR-3.

When I look at task manager, I see EXCEL.EXE PID 2500

running at
99% - and it will run forever. I can kill that process

and regain
control over Excel (which is running as excel.exe PID

2300).

Any ideas? Is this a common problem?
.