I am trying to open a file that is only 462KB and Excel just hangs. The
program ends up becoming non-responsive and I have to close it.

It doesn't have any problem opening any other file, just this specific one.
I have tried opening from inside Excel as well as double-clikcing on the file
itself.

I have "Ignore other applications" checked in options.

I am using Office 2000 in XP SP2.