Citrix 4.5 Terminal Server 2003 Outlook 2003 IE7 Vault 7.0 SP3 Hangs
I figured it out.
open Dcomcnfg from the run prompt
Open My computer properties under Component Service,Computers,My Computer
Click on the "Default Properties" tab
The setting for "Provide additional security for reference tracking" needs to be UNCHECKED. (at least for me).
As soon as I unchecked that box, everything immediately sprang to life.