Found this answer to my previous question and thought I'd share. Tried to post with the original question but kept crashing IE.
Word's template feature lets you reuse standard documents like fax forms and memos. You can create your own template by starting with a blank document and adding the text and graphics you want to be standard. To save the template with a preview image you can view when selecting the template later, use File | Properties and add a check mark next to Save Preview Picture.
When you finish editing your new template, use File | Save As?, go to the Save as Type field, choose Document Template (*.dot), and type a name for the template. Word automatically saves the template in your default template folder.
To create a document from the template, choose File | New; then, on the New Document task pane, choose New from template. Select General Templates in Create New, make sure the radio button next to Document is selected, and choose your new template. A preview image will appear in the Preview box.

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