Once the profiles are deleted, have the users log in to the Win2K machine. Their new profiles will be created on this machine, and since the CURRENT_USER registry piece was already set up for OUtlook, these users will inherit those settings.
Theycan open Outlook, and the same user profile will be there.
You can do the same thing with shared printer connections, saved URLs, etc.
Some people hate to do this, but it really is a timesaver. You can set up a profile, save it to a network share, then import it on any new machine you have to roll out if you have settings you want everyone to have.
I kind of like doing some stuff this way (printer sharing; it is a blessing!!!!)
hope this helps