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Microsoft Excel opens slowly when Trend Worry Free/Micro Security Agent is Enabled

We recently changed over from McAfee to Trend.  Excel opens slowly on my computer; regardless of opening a file to open Excel, or simply opening the program.

When I disable Trend, Excel opens at normal speed.

I've tried adding an exception to the path of Excel, as well as XLS and XLSX file types.  I've also added it to a trusted program.  No luck.  When I close Trend, Excel opens fine.  Any suggestions?

I think it may be an add-in, however, I am unable to determine the add-in path or extension to exclude.
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terencino
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I saw that link, but that's for version 7.  I'm already on version 8.  I continue to search for a solution.   Thank you though!
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My solution solved the issue. :)