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Default Reinstall

When I try to install Excel 2002 onto my laptop (which previously only had a
trial version) it says: "Set up failed to locate a valid qualifying product
on your machine. Please select the drive where a qualifying product is
located." I have clicked on the drive where my install CD is and it repeats
the message. During the setup process, I put in the Product Key correctly.
I'd appreciate any help someone can give me. I can't afford to upgrade to
Excel 2007 or Office 2007 at this time.
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