I have several rules in Outlook 2007 which are not working as it seems they should, and I'm frankly confused what's going on. I'm hoping someone can point me at something that will help.

I have this rule:

Apply this rule after the message arrives
with "Webinar" or "advertisement" or "advertizement" or "conference" or "subscribe" or "subscription" or "proper contact" or "Conferences" or "remove" or "download" or "unsubscribe" or "opportunity" or "research" or "shocking" or "unbelievable" or "Register" or  "Unsubscribe" or  "Opt-Out" or "offer ends" or "conspiracy" in the subject or body
delete it
  and mark it read
except if from BLAH or DOE, JANE
  or except with 'COMPANY.COM' or 'ANOTHERCOMPANY.COM' or 'ONEMORE.COM' or 'YETANOTHER.COM' or 'MSDNsubscriptions@e-mail.microsoft.com' in the sender's address

SEEMS pretty straightforward. It should delete any email that contains any of those words UNLESS it comes from a specific group, person, or if the sender's email contains a number of domains internal to my organization.

But what it DOES in operation is to leave the spam alone and ONLY delete legitimate emails from those people or containing those domains.

Am I just MISSING something? This drives me up the wall.