Steve,
Hyperlinks can be added to an Access Page or to an Access Form.
Just because you can see the hyperlink tool in the Report Design View,
doesn't mean they are available for use with the object. And if you add one,
it will show in the Design View, but not in the Report View.
Reports are used to print out data from your database.
Forms on the other hand are a perfect place to put hyperlinks. You can see
the data in the database and use hyperlinks to move around in the database
and even to other programs and the Web.
Good Luck!
Santara