VBA why is toolbox missing?

W

wy6k

I have a newly upgreade Office Standard 2007, which includes Excel 2007.
When I try to create a new macro the toolbox is not available, it is grayed
out everywhere. It's not that I don't have it checked, it is grayed out so I
am unable to check it.

Anybody help? Is it missing from Excel 2007?
 
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