Bob,
You have to do it from the data source. For example if you are using MS Access, you would create a query in the database and "set location" in your report to that query.
Once you do this, the "trimmed" memo fields (using left(), mid() functions, etc.) will become available in your formulas.
Again, you do this only if having "trimmed" memo fields is acceptable to you for your report as opposed to only wanting the whole enchilada.
-Jeff