While its often better to create a new pst and move the contents of the
old to the new pst, as long as you have the new format pst in outlook
2003, you can use it in Outlook 2007.
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Diane Poremsky [MVP - Outlook]
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I am going to upgrade from Office Suite 2003 to 2007.
How to migrate pst file from 03 to 07 painlessly?
Should I start a new pst for 2007 Outlook? Jorge