A family of Microsoft presentation graphics products that offer tools for creating presentations and adding graphic effects like multimedia objects and special effects with text.
Sounds like VBA is not installed. Hold down ALT and press f11. If nothing happens it's a fair bet you need to install VBA.
Go to Windows > Control Panel > Programs & Features
Select Office 2007 and "Change"
Select Add / Remove Features and in the Shared Features section see if there is a red X next to Visual Basic for Applications. If so choose Run from my PC from the drop down and CONTINUE Wait for it to complete. You may need the original disc.