It would help a great deal if you were to tell us what you are trying to do!! "Working with" the file hardly explains what you're trying to accomplish.
That aside, this is clearly an attempt to put a whole set of related tables in one big flat file, suggesting that the program that spits out the data feed predates normalization theory by 10 or 15 years. Meaning written in about 1957. (Last one I saw like this was in a government data feed. Looks like this is another.)
Here's the layout, as you have already said.
1. ID number of entity.
2. Value of data for given field.
3. Field location in record, given as number (there are 1309 total fields in a record).
4. An attempt to codify all these fields in such a way as to show relationships in the data for one record.
5. A verbal description of the field, giving more clues as to what was intended.
Now, what it sounds like you're trying to do is put all the values with the same id number in a report format. To do this, you could just import the whole table into Access, as I see you have done. Then, query the table with one ID, and paste the result into Excel. Just like Skip says, although I wouldn't include the line numbers.
However, if your task is to take the data feed and put it into a relational database structure, you have more work cut out for you.
Feel free to explain what you're trying to accomplish in more detail.
HTH
Bob