When I attempt to use InstallTailor to create a transform for Microsoft 2003 Office, I do not end up with a working transform.
Altiris/Wise does not support creating transforms for Microsoft products.To create a transform for Microsoft Office you will need to use The Office 2003 Edition's Resource Kit tool set.
The reason for that is Microsoft does not use the standard .MSI table Structures for their packages. They tend to use custom actions to customize their installations.
For further information regarding Microsoft's Office 2003 Editon Rescource Kit, please see Microsoft's Office site at http://office.microsoft.com/en-us/assistance/HA011401701033.aspx