Display option field on report

NAV_2009_SP1

I am trying to display an option field onto a report "Inventory Valuation".  I have created globals and some code below....  My first problem is that the returned value is not the correct record for the Item No.  When i ran the debugger the returned value is some random Item number so i am not getting the right item number associated with the record.  Also the option field displays the number and not the name of the option .  

LifeCycle.. DataType=record, SubType  ItemLife cylce. and 

LastLifeCycle data type = option.

in the custom table  'Item Lifecycle' the fields are   Item No., Effective Date, Lifecycle Status, Comments

Item - OnPreDataItem()

LifeCycle.SETCURRENTKEY("Item No.", "Effective Date") ;

Item - OnAfterGetRecord()

IF LifeCycle.FINDLAST THEN

  LastLifeCycle := LifeCycle."Lifecycle Status"

  ELSE

  LastLifeCycle :=0 ;