By default, Windows Live Mail places all downloaded items (email messages, calendars, etc.) in the Application Data folder in the current user's folder. If you want to put this in an easier place to remember (like your Documents folder) or on a larger drive, you can do so by following these steps.
5. Go to the Maintenance and Troubleshooting section and click the Maintenance button.
6. Click the Store Folder button.
7. Click the Change button.
8. Browse to the desired location.
10. Click OK to close the Store Location window.
11. Click Close to close the Maintenance window.
12. Click OK to close the Options window.