One way you might accomplish this would be to export the 2 fields from the database to a tab delimite file and then use the Set Default Values->Import Pick List to get the values and their description in. Then change the Display to Description so that the users only see the description.
The downside is that Crystal refuses to allow for dynamic parameters, so as the list gets updated, the values do not.
The format for the file to import is:
%%%%ShowDescOnly 0
1.00 ompany A
2.00 Company B
You can manually enter some values and export them to get an idea of what's expected.
-k