Iphone

Does outlook run on server or client -- I thought it is probably client.

I am looking at short cut properties, under Start | All Programs | Microsoft Office | Microsoft Outlook.

Normally, short cuts reveal where the program runs from (Target). This shortcut does not. Nor do any of the office short cuts.

This is a mystery.

This is just weird. I have never noticed this before. Any comments or light?

Iphone

That's a "Windows Installer Shortcut". The following article is for Office 2000, but is basically valid for Office 2003 as well:
OFF2000: Unable to Modify Office Shortcuts
OFF2000: Unable to Modify Office Shortcuts

In case you want to find out where the shortcut is actually pointing to, you can do that with a command line tool:
Freeware shortcut.exe creates shortcuts from the command-line.
http://www.jsifaq.com/SF/Tips/Tip.aspx?id=6035

Save shortcut.exe someplace in the path (C:\Windows will do, for example), open a command prompt, cd into the startmenu folder with the links, and enter
shortcut /a:q /f:"Microsoft Office Outlook 2003.lnk"
(or whatever the name of the shortcut is).