That's a wonderful question that you have brought forth, PapaParker56. I can understand your interest in syncing Outlook with your Droid Razr. The Droid Razr does not sync with the Outlook. You may want to consider the Outlook application with the Google Play Store.
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Go into Settings/Corporate (or Email, depending on how you set it up, under Accounts)/Account Settings...scroll down and check sync contacts and sync calendar.