Can the Transaction Log space allocated be resized?

[Guest_imported]

This is my problem: I have a database that have a transaction log allocated space accidently expanded to 642MB! and I am using only 10MB.
I have tried the steps to shrink transaction log found in FAQs but it did not help much. I read some document that says the transaction log can not shrink smaller than the size of the log's allocated space, is this true? If yes, is there a way around for me to resize the allocated space (in MB) of the transaction log to 30MB for example instead of having now 642.
I appreciate your helps.

 

[tlbroadbent]

This article explains a sure fire way to shrink the log.

http://www.swynk.com/friends/krishnan/tranlogshrink.asp

You can also find information and code in the following MS KB article.

INF: How to Shrink the SQL Server 7.0 Transaction Log

http://support.microsoft.com/support/kb/articles/Q256/6/50.ASP

These methods really work if done properly. Terry L. Broadbent
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