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Regarding someone saying Backup Exec needs Domain Admin rights: BE doesn't need to be a domain admin either...and by having the account that uses BE as a domain admin, you're leaving a huge security gap wide open. Just give the account it uses the appropriate permissions to the directories it needs to backup. Yes, it'll take a little time but it's a much more secure way of doing it. I fixed this issue as well when I started working where I do. Just make sure you understand file permissions, and you'll be all set.
Have you ever used veritas media master server 5.0? It requires that the service account have domain admin priviligeses if you are backing up a wide variety of data sources such as SQL databases, exchange, AD, etc... Backup exec, by itself, backing up a standalone system does not need domain admin, but that doesn't mean that it doesn't need it in all cases...