Office 7 (home bersion) can't be reinstalled on Win 7

[dieback]

HI everyone, I'm new here so I hope if you don't mind me asking a question first up!
I have a new 64-bit PC, with Windows 7 preinstalled.
I had Office 2007 (Cd and licence key, 32 bit version) on an old computer and I was hoping to reinstall it on the new box.
I am set up an an administrator but when I try to install I get a error 1303 - the installation file is trying to access a file in C:\Program Files (x86)\Common Files\microsoft shared\SourceEngine but the system won't allow it. I have tried everyhting in your suggestions - compatability manager, run as administrator, installing it in a different folder etc, holding my tongue out, but I keep running into the folder permission issue.
Has anyone else had this problem ?
Everything I read on the Microsoft site indicates that I should have no worries :sarc: but haven't had any luck so far.
Any helpful suggestions out there much appreciated.
REgards

 

[dajogejr]

Set permissions on the destination folder to full for Everyone and System.

Administrator access alone won't cut it.

 

[dieback]

Thanks, I will give it a go.