Save formatted word-text in Access

How can I save formatted Word paragraphs in Access?

I want to generate a text description of a configurable solution - and
depending on my "configuration" I want different text elements to appear in
the final text. Quite simple - I want formatted paragraphs to be associated
with "features" in my pick-list. When chosen the relevant text must somehow
be included in a Word-document.

Any suggestions on this?

I am using Office 2003 - but if 2007 has important news on the issue -
please feel free to describe that.
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Diane