Hi johnniec,
1. Cell insets makes a cell bigger then the 10 pt text in the cell.
You can set the cell insets at the cell options.
The Top, Bottom, Left and Right can be set.
2. The height can also be set at the Row Height (Row and Colums).
It can be set to "At Least" or to "excact"
I have checked, if the cell height is set to "exactly" 10 pt and the cell insets to 0, a text of 10pt will fit and the rows have a height of 10 pt.
Hope this helps..
Marcel