I don't use the bullets myself, but I think the bullet code is this:
if Request.QueryString("bu") = "y" then
strPreLink = "<li>"
strSufLink = "</li><br /><br />"
' strPreLink = "<img src=""" & strImgPath & "icon_mi_" & MsgIcon & ".gif"" weight=""15"" height=""15"" border=""0"" align=""absmiddle"">"
' strSufLink = "<br><br>"
else
strPreLink = ""
strSufLink = "<br />"
end if
Lines 112-120 of syndicate.asp
(Edit: inserted line numbers)