I am trying to create a folder in Outlook 2003 which connects to the IIS WebDAV and then I could list all the sub-folders and files present in the vibe WebDAV share.

Is this possible?

I could see the WebDAV link but don't know where should that go in the outlook client (or this could be set in exchange server 2007) ?..

Link looks like this:
http://IP_address:80/ssfs/files/library/Home Workspace/Team Workspaces/IT Technical Team /Files/Outlook Migration