Given that it's a text file (ie no formatting), a simple Paste has the same results as Paste Special.

That, however, really doesn't address the issue, which is that each line from a plain text file is likely to be a separate physical paragraph.

Assuming there's an empty line between each set of records, the following wildcard Find/Replace will join each record's lines into a single paragraph:
Find = ([!^13^11])[^13^11]([!^13^11])
Replace = \1^l\2
You can then use Ctrl-A to select the entire document and format the paragraphs with the 'keep together' attribute. That will eliminate any splitting across page boundaries.

__________________
Cheers,
Paul Edstein
[Fmr MS MVP - Word]