The only negative issue I'm aware of with mailmerges is that, if there is no image file for a particular record, some Word versions repeat the image from the previous record - other versions output either a blank rectangle or an error message. The simple solution is to ensure there is an image file for every record. Where you don't have a picture, substitute a generic image file (perhaps with the words 'no picture available' on it).

If you do decide to go down the mailmerge route, let me know as there are some setup issues you might need help with.

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Cheers,
Paul Edstein
[Fmr MS MVP - Word]