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Default Excel files open very slowly

Win XP Pro SP3
MS Office 2007
Toshiba Tecra M5 1.56GBt RAM. 80GBt HDD free space, 2.0GHz
Centrino Dual Core CPU.

Each and every time I receive an .xls file from any source,
Excel takes at least 30-45 seconds to open it, regardless of
file size. I have turned off AV to test. AV has no bearing.
Once I saw a notice that Excel was operating in
compatibility mode. What do I have to do avoid this problem?
 
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