I have a couple personal folders created along with a folder that comes
from an exchange server.  One personal folder is setup to receive all
incoming emails and also store outgoing emails. The other personal
folder is setup to organize, where I can move emails from one personal
folder to the next.

My question is, is it possible to move the location of how the personal
folders appear in outlook 2003?  Right now I have my menu with Personal
Folder(1) on top, the Exchange default Folder in the middle, and
Personal Folder (2) on the bottom.

The default exchange folder is now being bypassed, so i would like to
move its order to bottom and it doesnt appear i can just drag and drop.
Is there any alternative to right click ->closing the folder?