I can't help you with your problem but you may want to find another email program or be prepared for a future change with Windows Live Essentials.
When I was using Outlook Express, I liked having all my folders closed until I needed to open one. But in Windows Live Mail, if I close any or all of my storage folders, they become fully expanded the next time I open the program. This is obviously a default attribute, but how can I stop these folders from expanding every time??