the links are not live until you have sent the message and it is in your Sent Messages folder. i don't know where it's documented.
When inserting a hyperlink into an HTML Outlook message that I newly created, I noticed that I can't click on it to see if it goes to the link on the Web.
I can do this with any received emails that I get. The recipient of a test email (who has the same version of Outlook as I, Outlook 2000) was able to click on the link too.
I tried this on a couple of other computers (all with Outlook 2000) and had the same problem.
I believe this is just normal, but I can't find anything that says it. Any help is much appreciated. Is it a "bug" in Outlook 2000 that was corrected with a service pack or in Outlook XP?