In Office 2007, the New and Open Microsoft Office Document shortcuts aren’t installed by default.
Here’s how to install them:
Go to Control Panel and to the Programs and Features (Vista), Uninstall a Program (Windows 7) or Add/Remove Programs (XP).
Highlight Office 2007 and click on the Change button at the top of the window.
Choose Add/Remove Features and a window like this should appear.
Expand the Office Shared Features box, then expand the New and Open Microsoft Office Document Shortcuts Box and click on “Run from My Computer”.
Click on Continue and then just follow instructions.
Once the shortcuts are installed (and in Windows 7 they install into the Start Menu-All Programs-Microsoft Office folder) then you can pin to the Start menu or drag to your desktop