>Thank you Sergey. The only further question I have (if you are familiar with MOSS) is if you know if creating an index (clustered or not) via the alter table command will cause a problem in ShairPoint? I am not sure about this issue, but I know SP can be very sensitive to these types of things.

I'm not familiar with MOSS/ShairPoint. Keep in mind that it'll take a long time to copy table of such size and drop clustered index afterwards.