Editing Page Layout Question [SOLVED]

Editing Page Layout Question [SOLVED]

When customizing the page layout. If I remove a custom field that was created will I lose the Field information that has been entered since it was created?

For instance I'm going behind someone who has created a mess load of custom fields. I see that this person has created a field for first name and just renamed it to "Inquiries First Name". I want to Replace this field with "First Name". I'm curious will I loose the "Inquiries First Name" Information that has been entered so far?


EDIT** I see that you will lose the data If you remove a custom field.