I downloaded outlook 2007 onto my desktopcomputer from microsoft's site. Can I install it on my laptop with the same license and if so how? Since I downloaded it I do not have a cd to use and I'm not sure where to go to on the MS site. Thanks.

It depends on which version you downloaded, and what licensing program you are in. Check here: http://office.microsoft.com/en-us/products/HA102103171033.aspx