Is there a reason for not setting up a single reference 'table' in Excel, then linking to that with just one link in Word? As for the macro:
Code:
Sub Demo1()
Selection.PasteExcelTable LinkedToExcel:=True, WordFormatting:=True, RTF:=True
End Sub
Sub Demo2()
Selection.PasteSpecial Link:=True, DataType:=wdPasteText
End Sub
The first one pastes a linked Excel table, the second one pastes linked text (as plain text).