Please note that your computer fulfill minimum spesification. if you want to use latest ms word, you must use windows xp or later for installation process. also please check your hardware minimum requirement. please refer to microsoft website.
After office installation, it seem that your computer must be reboot to complete installation process.If still persist, there are may be damage on windows registry.
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You will still have your .doc office files. Since the newer Office cannot read older Office files you should go to MS office support and download the "compatibility" program. This option should appear when you try and open an older file. Just click OK to install it.
It is possible to have more than one version of MS Office on the same PC. When installing you must change the install directory name to "Office03", or "Office07" instead of just "Office". Office will always try to replace an older version in the "Office" file location.
Another option is to download "Open Office" which is free and fully compatible with MS Office files.
Why a trial version of such old s/w? If you're sure you want that version of trialware, go ahead and start by placing the first disk in the CD drive (or if you have downloaded it, double-click on the installation file); if it doesn't open the Setup program automatically, try navigating from the My Computer window to see your CD drive, right-click on the CD drive and select Explore (the least harmless choice) and look for Setup.exe on the disk (double-click it to run the setup program).
The latest version of Excel is 2007 and it seems fine to me. MS has free d/ls of it on their site.
Plan B if you just need to view an Excel worksheet/book is to install the free reader from MS (from their Downloads site). It's more lightweight than any other option.