I received this solution from Aaron Hafele, in Microsoft Tech Support. This did the trick, and the Outlook Data wizard is now working in Access.
1. Check that the following directory is located in your trusted locations: “C:\Program Files (x86)\Microsoft Office\Office12\ACCWIZ\”. The folder will be
named “Program Files” if there is not a “Program Files (x86)” folder. You can see this setting under Access Options | Trust Center | Trust Center Settings | Trusted Locations.
2. Verify that wizards are not disabled according to the following KB article:
924738 Error message when you try to open a wizard in Access 2007: "This feature isn’t installed, or has been disabled"
http://support.microsoft.com/default.aspx?scid=kb;EN-US;924738
3. Rename the wizard folder and repair Access. The wizard folder is the one specified in item #1. Simply rename it from ACCWIZ to ACCWIZold and then launch
the Office 2007 repair process. This can be done from within Add/Remove programs.
Good luck everyone.