>>Ok, that works great, but of course there is another catch (just can't remember them all). The fields may be longer than the width available and could wrap. I think this kills your idea. I can't think of a way to move Field02 down depending on the length of Field01. Very sad; I liked how your worked.
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>How many rows FIELD01+field02 can have? Because with OLE control you didn't have Stretch with overflow

Usually one line, sometimes two and occassionally three.