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Press F12 to open the Save As dialog box, where you should give your letterhead an appropriate File Name, and choose "Word Template" from the Save As Type drop-down menu. Then, click "OK." ...
This should work in all versions of Word, though the menus might be a bit different in Word 2007. Rick Broida In addition to writing CNET's The Cheapskate blog, he contributes to CNET's iPhone Atlas .
To make a new document from the letterhead template in Office 2010, go to the File menu, choose New, click on My Templates and select the appropriate template. (On some Mac versions of Word ...