Microsoft Corp. has launched Microsoft Equipt, an all-in-one security and productivity software subscription service for consumers.

The company says in one installation, the service delivers anti-malware protection technology and features to simplify PC management, productivity tools, and online services.

Initially code-named “Albany,” Microsoft Equipt offers consumers Microsoft Office Home and Student 2007, giving them the latest versions of Word, Excel, PowerPoint and OneNote for their personal and school projects; Windows Live OneCare, the all-in-one security and PC management service; Windows Live tools, such as Windows Live Mail, Windows Live Messenger and Windows Live Photo Gallery; and Office Live Workspace, a new service from Microsoft that makes it easy to save documents to a dedicated online Workspace and share them with friends and classmates.

Anytime a new version of Office or Windows Live OneCare is released, Microsoft Equipt customers will get the version upgrades as part of their subscriptions.

Microsoft Equipt requires a personal computer running on a 2GHz or faster processor, 1 GB of RAM, 4 GB of available hard disk space; CD-ROM or DVD drive and Windows XP with Service Pack 2 or later (32-bit only), or Windows Vista or later (32-bit or 64-bit).

Microsoft Equipt is US$69.99 estimated retail price for a one-year renewable subscription. Each subscription will be good for three home PCs.