I hope reinstallation fixes. I still believe it is a security issue (either DCOM or policies).
PS: Type("loWord") doesn't return a boolean result.

If  !TYPE("loWord") = 'O' or ISNULL(loWord)) THEN

and one final wild thought. It creates the word object as it should, everything is fine but that is loWord variable name that is the problem (having a field name in current wrokarea with same name - m.loWord would do then).

Cetin