This is the same in Off 2007. It is part of the security feature.

Signature
Peter
Please Reply to Newsgroup for the benefit of others
Requests for assistance by email can not and will not be acknowledged.
> I'm using Outllook 2003 and I'm woundering why on earth I can't seem to click
> on hyperlinks (URLs) when composing emails in HTML format. This is so
[quoted text clipped - 10 lines]
>
> http://www.microsoft.com/office/community/en-us/default.mspx?mid=b02ba4ef-b20f-4
c8e-bba3-40d51abd9420&dg=microsoft.public.outlook.general
Reb - 30 Aug 2007 02:14 GMT
Gentlemen, I was able to test composed message hyperlinks in both 2007 and
2003 by using Word as my email editor.
> This is the same in Off 2007. It is part of the security feature.
>
[quoted text clipped - 12 lines]
> >
> > http://www.microsoft.com/office/community/en-us/default.mspx?mid=b02ba4ef-b20f-4
c8e-bba3-40d51abd9420&dg=microsoft.public.outlook.general