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How to update bulk update some attributes of any entity?

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Hi

I have one entity with name company. There is an attribute with name country in company which is optional so we have null values in CRM db. Now we need to bulk update these null values for attribute country and this attribute is of lookup type. This attribute is coming from another entity called CountryCode. I exported one company. The name of the attribute in exported xls file was Country Name. I made the change to this field and imported back the data but the update did not woked for attribute country for entity company. Later I changed the value to GUID but the same also did not worked. Could you please let me know what exactly is required to get this bulk update work for attribute country. There is another solution using scribe jobs which I would not like to opt at this point in time, if we can get the work done by using outofbox funtionality provided by MS Dynamics CRM 4.0

thanks in advance

cheers


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