That has only ever been the case for references to libraries earlier than the one in use; it has never applied to references to libraries later than the one in use. Thus, a Word VBA project using references to the Excel 14.0 library will automatically work on systems with the Excel 15.0 library but will not do so on systems with only the Excel 12.0 library.
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Cheers,
Paul Edstein
[Fmr MS MVP - Word]
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