IPhone :: Transfer My Contacts From It To Outlook 2010 On My Laptop?

I want to transfer my contacts from my iPhone to my Outlook 2010 on my lap top. Many I have created "in the phone"i have only a handful of contacts that I created in Outlook. I want to "sync" my phone with the Sync Contacts option checked in iTunes.Will all the contacts in the phone transfer to Outlook on my lap top (and remain in the phone too) and will the Outlook contacts be added to my phone contacts?Note:I have previously synced my music with no problems (phone/lap top the same) and I have created a phone back up using iTunes.