Outlook 2003/2007 – Rules & Alerts “Operation failed” (error)

Error:
When opening Outlook 2007 “Rules and Alerts” the following error is displayed:
“The operation failed. An object could not  be found”.

Fix:
Recreate the shortcut with the following switch “/CleanRules”

“C:Program FilesMicrosoft OfficeOFFICE12OUTLOOK.EXE” /CleanRules