Cannot Connect using Access/Excel (DAO)

I just purchased CR 2008 yesterday and no matter what I try I cannot connect to a simple spreadsheet sitting on my desktop using Access/Excel (DAO) connection type.

I keep getting an error saying:

Login Failed

Deatails: DAO Error Code: Oxbd5

Source: DAO.DBEngine

Description: Not a valid account name or password.

I should not an account name or password since this is sitting on my desktop.

Any suggestions?