No. Those setting will not apply to imported Contacts. You'd have to use
code to change them after the import.
http://support.microsoft.com/default.aspx?scid=kb;en-us;291144&Product=ol2002

Signature
Russ Valentine
[MVP-Outlook]
>I imported 3,000 contacts into Outlook and preset my default File As to
> Company. But they all filed under "Last Name, First Name" instead and i
> can't figure out how to change them all to File As Company. Is there a
> way
> to do this?