In Microsoft CRM 1.2, after you create and add a custom picklist field to the Quote form and publish the changes, you create an associated quote from the Opportunity form. The custom picklist field on the Quote form is set to NULL in the database even though it looks as if it is correctly set on the Quote form.
Microsoft CRM has a fix for this problem that is part of a cumulative update. The cumulative update information is described in the following Microsoft Knowledge Base article:
904435
(http://support.microsoft.com/kb/904435/
)
Update Rollup 2 is available for Microsoft CRM 1.2
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