I'm in SHOCK. I just learned about this option that I've always wanted in poweropint.

When I present I always print out a set of 3 per page handouts then write notes to myself about demos in the area to the right.

I often lose or throw away my notes and kick myself next time I want to do the presentation.

I came across Tip #2448 - Creating Custom PowerPoint Handouts in MS Word  on the web when I finally entered the right combination of words in google and realized that the functino exists RIGHT IN Powerpoint. In Powerpoint 2007 it's in the Publish menu.