The "Mysterious Tilde File" usually appears just after you close OE but only if you made any change to Address Book during this OE session...but not always.
It's usually found on Desktop but on occasion appears at C:\ . Rename it ~.wab and you'll see it's an exact copy of Address Book. You can either rename it or simply delete it.
It first appeared in November '02 with 331923/Cumulative Update for OE6-SP1 which was only available via manual download and with the more recent 330994/April '03 Cumulative Patch for OE, available via Windows Update.
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