Following information is copied and reworded from
http://msdn.microsoft.com/en-us/library/kh3965hw.aspx
You can install the complete set of Outlook Interoperability support
Install them when you install Office.
Install them from the redistributable PIA package.
You must be an administrator on the computer to install the .NET Framework and the Office Interoperability support
To install the PIAs when you install Office
Ensure that the .NET Framework 1.1 or a later version is installed if you are installing the 2007 Microsoft Office system, or the .NET Framework 2.0 or a later version is installed if you are installing Microsoft Office 2010.
Install Microsoft Office and make sure that the .NET Programmability Support feature is selected for the applications you want to extend (this feature is included in the default installation).
To install the PIAs by using the redistributable package
Ensure that the .NET Framework 1.1 or a later version is installed if you are installing the PIAs for the 2007 Microsoft Office system, or the .NET Framework 2.0 or a later version is installed if you are installing the PIAs for Microsoft Office 2010.
Download one of the following redistributable packages:
To download the PIAs for the 2007 Microsoft Office system, see http://go.microsoft.com/fwlink/?LinkId=72637.
To download the PIAs for Microsoft Office 2010, see http://go.microsoft.com/fwlink/?LinkId=166026.
Follow the instructions in the download page to install the primary interop assemblies.