Microsoft has released an update for Microsoft Office for Mac 2011. In addition to the application improvements mentioned in this article, Office for Mac 2011 is now available as a subscription offering. For more information about subscription, see the Frequently Asked Questions.
This update provides the latest fixes to Office for Mac 2011. These include the following:

  • Meeting invitation times are displayed inaccurately in Outlook for Mac
    Fixes an issue that causes meeting invitation times from non-Exchange calendar servers to be off by one hour during certain times of the year.
  • Slides in collapsed sections cover other slides in Slide Sorter view in PowerPoint for Mac
    Fixes a display issue that involves collapsed sections in Slide Sorter view.
  • Hash tags (#) in hyperlinks aren't saved correctly in PowerPoint for Mac
    Fixes an issue in which hyperlinks that contain hash tags (#) aren't saved correctly.
  • Crash occurs when you use Paste Special with a partial table in PowerPoint for Mac
    Fixes an issue that causes PowerPoint to crash when you use the Paste Special option to copy and paste part of a table.
  • RTF text that's saved in PowerPoint for Windows can't be pasted into PowerPoint for Mac
    Fixes an issue in which RTF text that's saved in PowerPoint for Windows can't be copied and pasted into PowerPoint for Mac.

Go get it @ http://www.microsoft.com/en-us/download/details.aspx?id=36503