Often in an Access database, lists are presented either as Queries (data views) or Reports. These may suffice for many purposes, but it is also straightforward to then export them to Word or Excel. As with other things Microsoft, in fact, there is more than one route to doing this. All start by previewing the list on the screen.
Method 1: From the menu, click Tools -> Office Links -> Analyze it with Microsoft Excel or Publish it with Microsoft Word. Both will extract the data, with minimal formatting, and open a new copy in Excel or Word. (As usual, if you don't see "office links" under tools, then click the double down arrow to expand the tools list. If you don't see tools at all, try one of the other methods.
Method 2: Right-click on the previewed document, and select Export, which will present a more extended dialog to save a copy of the document as Excel, text, word or other options on your local hard drive or a network location. Instead of right-clicking, you can use the File menu, then Export.
Method 3: Right click on the previewed document, and select "send to," then Mail Recipient, to generate an extract similar to the export options above and email it to someone. Very handy. Instead of right-clicking, you can use the File menu, then send to.
Note, in all three cases, you are creating a copy of the data in a new format. Any editing you do in Word or Excel will be off-line and not ripple back to the database. Often, this is what you want, and so fine. But if you are creating the extract as a convenience for data clean-up, for example, you have to have a method to get the data back into the database. At a minimum, make sure you include the record ID (random or sequential number, usually) in the extract.

Using Office 2003 and Office 2007 on the same machine
I recently installed Office 2007 on a machine that already had Office 2003. Everything seemed to go fine, until forms in Access 2003 with code in the OnOpen event refused to open. Didn't matter what the code was, anything would do. The message was less than helpful - something to the effect of "no such object". It turned out that Access 2003 had a reference to the 'Microsoft Access 12.0 Object Library', a library for Access 2007.
I fixed the problem by opening Access 2007, then opening Access 2003 with no database (just open the program). This re-assigned the proper references. Since then, when I want to switch from 2007 to 2003, I first open Access 2003 with no database, and the proper references get assigned. Moving from 2003 to 2007 has never been a problem.