includes latest version office 365:

word

excel

powerpoint

onenote

outlook

publisher

access

1 year subscription

install on up to 1 pc or mac

and selected mobile devices

including ipad

1tb skydrive storage

60 min of skype world minutes pm

ongoing product and service upgrades

stream full office to win 7 or 8 pcs

includes product key to download from the internet

http://office.microsoft.com/setup