XLR: "Report Initialize", (Error (666)), Automation Error
After installing XL Reporter, you may encounter these error messages when attempting to run a report from the SBO menu.
The following error messages occur because XL Reporter does not support .Net 2.0. More than likely you have installed .Net 2.0 for some other software and it is interfering with the execution of the XL Reporter program. SAP indicates that if you copy a certain file to the Excel Folder under your program files, it will correct the problem. Basically the file instructs the system to use .Net 1.1 instead of 2.0.

The SAP Service Note 918188 (SAP "S" number required) states that a file needs to be added to the root of the Excel folder. This folder is normally found under: C:\Program Files\Microsoft Office\
in a folder called something like EXCEL 10 or Excel 11. I am running two versions of Excel so I had to put the following file under the the following directory: C:\Program Files\Microsoft Office\Excel2003\OFFICE11
If you have access to the service site, then access the note mentioned above, and download the file. Otherwise, you will need to create your own.
Modify the file called "excel.exe.config" lines with the following contents:
supportedRuntime version="v1.1.4322"
supportedRuntime version="v1.0.3705"
requiredRuntime version="v1.0.3705"