http://support.microsoft.com/kb/220852 used to contain instructions on how to setup Outlook Express to connect to a hotmail account, but Microsoft removed it. They now only tell you how to do it in Windows Live Mail (which is the successor of Windows Mail, which is the successor of Outlook Express).
And I don't think the spam filtering of Outlook Express is good enough to do what you want, even if you could get it to connect to your mail account.

So I think you would need another email-client and a commercial anti-spam program that has the options you require.

Kees