Office 2003 install does not apply Outlook custom profile

[SRW]

I used the CIW for Office 2003 (PRO11.MSI) to create a transform with our
required changes and to apply our Outlook settings through the application of
a custom Outlook profile (.PRF file). The custom profile for Outlook is
totally ignored.
I then used the CIW on the Outlook 2003 (OUTL11.MSI) installation, created a
transform with our required changes and to apply our Outlook settings through
the application of a custom Outlook profile (.PRF file, the very same file as
before). The custom profile was successfully applied!!!
This raises two questions I would like to know the answer to.
a) Is this a known bug in CIW for Office 2003, ie. you cannot apply custom
Outlook profiles? and,
b) Setting up Outlook as an individual application I have to use a different
VLK, does this impact my company's select agreement T&Cs?

any help on these would be very much appreciated.

thanks & regards

Simon