Office 2004 gives Rosetta Error

When you launch any of the Office 2004 applications (PowerPoint, Excel, Entourage or Word), an error appears: "To open Microsoft XXXXXX, you need to install Rosetta. Would you like to install it now?"

Click Install.

Click Agree and the system will automatically install the missing pieces. 

Once Rosetta is installed, you can then go back and re-launch the Office 2004 program.