[Mr Incredible]

Outlook Attachment Remover - Free Outlook add-in to save and extract attachments [Freeware]

I've installed this in OL2007 and it works a charm: highly recommended.

It installs itself and puts a button on the toolbar for easy access.

It extracts any attachment(s) from one or more messages and places them in a folder hierarchy on your harddrive which mimics the Outlook folders.

Compacting the PST then keeps your PST file to a minimum for faster performance of Outlook.