Broken Hyperlinks in Outlook 2003

When I receive an email that contains a short hyperlink it works. When I receive an email that contains a long hyperlink Outlook breaks the link onto several lines. Only the first line is recognized as the link, the rest is just text.

If you click on the link it fails because you only get part of it. If you copy and paste the link it fails because it contains %20 characters at each line break.

If you edit the message to put the link back together (use backspace at the begining of each line) then the link opens correctly.

This is Outlook 2003 and IE-7 on Windows XP-Sp2.

Any suggestions for setup changes that will fix this??

Bill