Bubbahimes,
I think this is no longer possible, it was in the old days of PPT 2000.
If I recall correctly this add-in could solve your problem: http://skp.mvps.org/
Sounds like you've upgraded from Office 2000, where this used to work as you
want it to.
Unfortunately, it no longer does. If you have a copy of 2000 around, try the
Send To Word from there.
If you have 2003 with MS Document Imaging printer (MODI) installed, you can
print to MODI as an MDI (select the B/W or Grayscale option first), open that in
the MODI viewer then save as TIFF, then insert the TIFFs into Word in place of
the color PPT slide images it created when you used Send To Word.