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The launcher can be nothing more than a single form database. Open that form on startup and include code like this in the Open or Load event of that form:
Dim db As DAO.Database
Set db = DAO.OpenDatabase("full path to your password-protected database", False, False, ";PWD=YourPassWord")
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Here's the MS atricle about the method:
http://support.microsoft.com/kb/209953
Note the code example above also opens a Recordset, but you could of course leave out that portion of the code.