However, it cannot handle bullet lists these have to be replaced manually. You can find an example file below with a VBA macro that replaces HTML codes with bold, italics, super- and subscript text and removes all paragraph elements. However, you can use advanced search and replace functions or corresponding VBA macros to do the conversion after the merge process. Unfortunately the technology Microsoft Office uses to create a mail merge can only transfer unformatted text/data from the data source to Word, therefore such processing cannot take place during the mail merge process itself.