The number of events visible is affected by the screen resolution, but you
are close to the max... there is no workaround (other than using a table
view) for earlier versions but outlook 2007 handles it better by allowing
scrolling in the all day events area.

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Diane Poremsky [MVP - Outlook]
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> Outlook 2003 - I keep my library schedule on my shared calendar and
> schedule
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> not expand any further. This is true in the 5 day week or 1 day view. Is
> there a way to expand the viewable area for all day events?