OK, here is a better way to go about it.
Make a lookup table, with two fields: DELIVERABILITY_CODE and OLD_Related_Address_Type.
Then populate this table with each possible DELIVERABILITY_CODE and the corresponding OLD_Related_Address_Type you want to return.
Then, link this Lookup table your main table, and use it in the Update Query, i.e.
Code:
UPDATE Copy_of_NIXIES
INNER JOIN Lookup_Table
ON Copy_of_NIXIES.DELIVERABILITY_CODE = Lookup_Table.DELIVERABILITY_CODE
SET Copy_of_NIXIES.OLD_Related_Address_Type = [Lookup_Table]![OLD_Related_Address_Type];