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KB2543241 was only a Hotifx for PowerPoint 2003. MS11-036 includes updates for a far wider range of Office Products, so I would think that it includes many more updates.
To be safe, go with MS11-036. If you have any specific questions about any Microsoft Security udpates, I recommend contacting Microsoft at 866-PC-SAFETY (866-727-2338), as they create the installer package. They offer free support if the question is related to a Security Patch.
Right. I was referring only to the Office 2003 version of this patch (KB2535812). Apparently, Shavlik thinks they are the same, since if you only apply KB2543241, NetChk says KB2535812 is effectively installed. I assume this is not an error on your part.
From the MS website http://support.microsoft.com/kb/2535812
Known issues with this security updateWhen you manually apply this security update, you may receive the following error message:This update has already been applied or is included in an update that has already been applied.
This message occurs because update 2543241 is installed. Office updates are cumulative and this security update includes update 2543241. For more information about update 2543241, click the following article number to view the article in the Microsoft Knowledge Base: