Yes it does when purchased through HUP and it does when purchased directly also.
The Trial version does not

--
Peter

Please Reply to Newsgroup for the benefit of others
Requests for assistance by email can not and will not be acknowledged.

"LD55ZRA" wrote in message
.. .
Don't talk rubbish. If they require activation then they are not VL.
PERIOD. True VL requires no activation.

I hope you have capitalized your women in your ledgers because they are
an asset to your business.



Peter Foldes wrote:

And that is the case with every Enterprise and Professional Plus version of
Office.
They are all VL versions that individuals purchase through the HUP