I have Outlook 2003 SP3

In my Contacts Outlook, Under General Tab, on the large window in the right
hand of the page, where you write the Notes and general information and
other things that you want about the contact, the paragraph lines sometime
come double and 1.5, when you copy the information from a website or from
another location (like an address or some other information that you might
want to keep there), and then paste the information on that window. You
can change the pasted fonts and the fonts sizes using the toolbar above, but
I don't see anything there and neither in the Customize Dialog Box that I
can use to change the spaces between the lines to "one".

It seems that this is not possible. Or it is?

Is this re-spacing possible in some way that I am not aware of? (I.E., Some
of the Word's formatting capabilities are missing here in Outlook, or these
might be hidden somewhere there?).

Is the new 2007 Outlook with a format toolbar or tools to do this?

Thanks in advance.