OK, so here's what I did.
First time, I reinstalled Office: 2008. It must have sent the first one to the trash, because there were 9200+files in the trash once it was finished. It looked for updates but didn't tell me that it needed any, so I tried to access Excel again, but got the same error message.
So, then I dragged the whole Microsoft Office 2008 to the trash (it is still sitting there----question about this, too). I reinstalled the whole thing again, but this time, it identified 3 updates that also needed to be installed. I did that, and now, I am able to open Excel!
Now my question about the trash: if I empty the trash, am I going to lose all the files (especially worried about all the Word documents) that I had used the original one for, or, are all those documents, and the Excel files, still there after the trash with the original Office 2008 is emptied; I wasn't able to only drag Excel to the trash so had to drag the whole thing.
Am thinking that somehow those updates were never applied, which is very puzzling, because the first time I reinstalled, it didn't say anything about needing updates, but the second time, it did.
Thank you!