If you want to get a memo field into Excel, I'm assuming each record's memo data it isn't that large. If the length is under 250 characters, I'd add a text field and then use the relace all command, and then export it as you have been.
If if is larger than that you may have to look into driving Excel using using something like this...I've never tried this on a memo field, but I don't see why it wouldn't work...
Brian
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#DEFINE False .F.
#DEFINE True .T.
#DEFINE RPT_FONTNAME "Ariel"
#DEFINE RPT_FONTSIZE 8
*-- First, open the database and table and run the report
use service
copy fields JobNo,comments to temptable
CLOSE DATA ALL
use temptable
LOCAL loExcel, lcOldError, lcRange, lnSheets, lnCounter
WAIT WINDOW NOWAIT "Starting Excel..."
lcOldError = ON("ERROR"

ON ERROR loExcel = .NULL.
loExcel = GetObject(, "Excel.Application"

ON ERROR &lcOldError
IF ISNULL(loExcel)
loExcel = CreateObject( "Excel.Application" )
ENDIF
WITH loExcel
.Workbooks.Add
.DisplayAlerts = False
*-- Deleting all but one sheet.
lnSheets = .Sheets.Count
FOR lnCounter = 1 TO lnSheets - 1
.Sheets(1).Delete
ENDFOR
.ActiveWindow.DisplayGridlines = False
WAIT WINDOW NOWAIT "Building Header Rows"
WITH .Range("B1"

.Value = "Balance Report" && make var off of form
WITH .Font
.Bold = .T.
.Size = 14
ENDWITH
ENDWITH
*-- Center A1 over columns
With .Range("B1:F1"

.WrapText = False
.HorizontalAlignment = 3
.Orientation = 0
.ShrinkToFit = False
.MergeCells = False
.Merge
EndWith
*-- Now do the column headers
.Range("A1"

.Value = "JobNo"
.Range("B1"

.Value = "Comments"
lcRange = "A1:B1"
WITH .Range(lcRange)
.HorizontalAlignment = 3
.WrapText = True
.Font.Bold = .T.
.Font.Size = RPT_FONTSIZE
.Font.Name = RPT_FONTNAME
ENDWITH
*-- Now, scan through the table and put all
*-- the information in the spreadsheet
WAIT WINDOW NOWAIT "Populating cells:"
select temptable
GO TOP
*-- Populate the report
lnRow = 2
SCAN
WAIT WINDOW NOWAIT "Populating cells: Record " + ALLTRIM(STR(RECNO()))+" of " + ALLTRIM(STR(RECCOUNT()))
*-- Read the record into the cells
.Cells(lnRow, 1).Value = temptable.JobNo
.Cells(lnRow, 2).Value = temptable.comments
lnRow = lnRow + 1
ENDSCAN
WITH .Sheets(1)
.Select
.Name = "Job_Comments"
ENDWITH
WITH .sheets(1).pagesetup
.PrintArea = ("$A$1:$S$"+ ALLT(STR(lnRow)))
.Orientation = 2
.Zoom = False
.FitToPagesWide = 1
.FitToPagesTall = 1
ENDWITH
.Columns("A:B"

.EntireColumn.AutoFit
ENDWITH
WAIT CLEAR
loExcel.Visible = .T.
Release loExcel
CLOSE DATA ALL
RETURN