Annika Sorenstam had a birdie and bogey in an even-par 72, and was two shots off the lead at 2-under 142. The Hall of Famer grew up near Ullna's tough lakeside course but had not played the layout since she was an amateur 15 years ago.
After finishing her round in front of a large gallery, Sorenstam complained about fatigue and not being in shape.
'Nothing works,' the seven-time major winner said. 'It's sad to play so bad when I'm home. It felt like every putt went just right or left of the hole today. Now I'm just going to forget this day and try to come back tomorrow.'
Sorenstam finished 13th at the British Open on Sunday, failing to match Mickey Wright as the only players to defend titles in all four majors.
Sorenstam is tied for fourth with former HP Open winner Karine Icher (71) and Swedish amateur Louise Stahle (75).
Stahle, 19, held the first-round lead after an opening 67 Thursday.
'Very up and down today ... I was tense and didn't putt as well,' Stahle said.
Carin Koch, another Swede, was alone at 3-under 141 after a 70.
Moodie and Morgan, also both LPGA Tour regulars, have played well in Sweden in the past. Last year, Moodie had a perfect record in the Solheim Cup in southern Sweden when Europe beat the United States, and Morgan finished fourth at this tournament.
Only six players were under par after 36 holes on the Ullna course, one of the longest on the Ladies European Tour.
Sorenstam said some pin placements were difficult and all greens were very fast.
'The greens are just fantastic,' she said.
Sorenstam is a three-time winner of the event, formerly known as the Compaq Open. She finished third last year.
Defending champion Sophie Gustafson of Sweden, who's had serious health problems since helping Europe win the Solheim Cup last year, failed to make the cut.
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