Yes you can manage multiple address books in Outlook 2007; you can simply follow below steps:
- Outlook 2007 >"Tools" menu and then select "Account Settings." A new window will open.
- Click on the "Address books" tab, and then choose "New." A message appears in a dialog box asking you to select one of two ways to create an address book.
- Select the "Add an additional address book" option, select "Next," choose the address book you want and then click "Next."
- Restart Outlook 2007 for the changes to take effect. You can start using your additional address book as you add your contacts to the address book