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I don't use netscape much but if you open netscape mail, go to tools then import... there is an option to import communicator 4x messages - is this not what you want?

See the thread called "Cannot print emails"- sounds like a similar problem

Follow the this link to the Microsoft knowledge base:

http://support.microsoft.com/default.aspx?scid=kb;en-us;274419

This article should hopefully help you out.
Good luck

Refer to Jori's solution - this is THE fix. Works for windows 98SE as well