SOURCE   http://support.microsoft.com/kb/2836889/en-us


When you use Microsoft Office Outlook 2007 to share your calendar, you receive the following error message:

Error while preparing to send sharing message.

You receive this error message only when you use Outlook 2007 and connect to a Microsoft Exchange Server 2013 mailbox or a Microsoft Exchange Online mailbox.

Also, if you try to check the permissions on the calendar, you may receive the following error message:

An error occurred when setting schedule permissions.

Workaround

To work around this issue, do one of the following:



http://office.microsoft.com/en-us/web-apps-help/sharing-your-calendar-HA103842904.aspx#_Toc342645965