Very slow launch of MS OFFICE links - True Launch Bar links in folders launch

Windows Version: Microsoft Windows 2000 Professional Service Pack 2 (Build 2195)
Shell Version:5.0.3315.2902
Internet Explorer Version: 6.0.2600.0000
True Launch Bar 1.1.0.12
MS OFFICE XP - correctly installed and activated

I think this is serious bug. I just installed MS Office XP. All True Launch Bar operations are working normally *except* if I click on any Word or Excel document link stored in a True Launch Bar virtual folder the link now requires an extremely long time to launch (30 seconds or more) During this time my computer is frozen.

After a long time the link launches and everything works correctly. If I move the particular link out of the True Launch Bar virtual folder and put it onto the True Launch Bar then the link loads quickly as normal.

I have also tested this by moving the link onto the Windows Quick launch and it launches normally. This slow launching also happens if the link is pushed off the True Launch Bar and shown on the >> extension menu.