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Microsoft has released critical updates for Dynamics CRM Server and CRM 2011 Outlook Client. Both of these updates are intended for users who are currently on Update Rollup 11 (UR 11).
If you are on UR 11, you should apply this critical update for the server. Users who are running CRM Server Update Rollup 12 through 14 don't need to, as these fixes are incorporated into the newer rollups.
Additional things to note:
For more information and to download files, refer to: http://support.microsoft.com/kb/2855319