KB Article: http://support.microsoft.com/kb/2547338
Consider this scenario:
You are using an Office application (Microsoft Excel, Microsoft Word, Microsoft PowerPoint) and you insert a hyperlink to a MHT file on a file share. When you click the link to follow it, Internet Explorer starts, but the MHT file is not loaded. Instead you see an error:
The address is not valid.
Most likely causes:
- There might be a typing error in the address.
- If you clicked on a link, it may be out of date.