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Microsoft today announced that it has released an update to SP2, known as Microsoft Office 2011 14.2.1.



From MacRumors:
This update is primarily preventative and targets those who have not yet installed SP2; however, whether you have or have not installed SP2, please run this update to bring your installation of Microsoft Office:Mac 2011 to the latest version. The downloads weighs in at 110 MB and requires a minimum of Office for Mac 2011 Service Pack 1 (14.1.0).
  Microsoft Releases Update to Office for Mac 2011 SP2