Correct, that will not work. Word format and RTF are different. You would need to save all of your word docs to RTF (doing this, each newly created RTF file will take up 5 times the space as the word doc).
An alternative is the broswer COM control, which you can add to a windows form and use file://xxxxxxxx.doc to load a word doc into your form.
There are probably 3rd party components that would have a control that loads word docs into a windows form, but the base RTF control is not the best solution. It will never look exactly like the original Word document.
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