Thanks for the reply!
After uninstalling and removing all traces of Outlook files I reinstalled. This time I located my original PST file into a different folder than the one created during setup (as per recommendations read in a number of threads). Low-and-behold all my messages were present as expected and, to my surprise, it also installed the address book. This I didn't think would happen as I was under the impression it's integration into the PST was not until 2003. Anyhow, all's well now.