Powerpoint crashes far too frequently

Powerpoint crashes far too frequently A user of mine does a lot of work in Powerpoint 2007. She frequently has several instances open, but we've experienced the same issue with only one instance open. She'll be working in Powerpoint and it will crash. Below is the crash report:
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Guest [Entry]

I've discovered that this hotfix tends to improve the situation. http://support.microsoft.com/kb/975021