See 7^1=7 last two digit =07
7^2=49 last two digit=49
7^3=243 last two digit=43
7^4=1701 lasr two digit=01
7^5=8507 last two digit=07
7^6=59549 last two digit=49
7^7= last two digit=43
7^8= last two digit=01
We notice that
last two digit in 7^n=07 when n=4k+3
last two digit in 7^n=49 when n=4k+2
last two digit in 7^n=43 when n=4k+1
last two digit in 7^n=01 when n=4k
2008=4*502=>7^2008=7^n=>n=504
Hence last two digit in 7^2008 is 01.