there are several ways, and of course you can import your datas from access.
a little vba is needet, but if you're familiar with vba you could directly import from outlook your adresses.
in excel you could store in 2nd sheet also your datas and run macros in vba.
if you prefere excel solution, use sheet 2 for your products, sheet 3 for adresses and create on sheet 4 the requestet function what places your datas on sheet 1. with the "INDEX" function you could choose by using the pull down button whatever you want. sounds hard, but it's easy to do without vba
good luck, ciao