Sure it's possible. You can write all the item delivery trapping code
yourself:
How to create a custom rule using Visual Basic for Applications (VBA) in
Outlook 2002:
http://support.microsoft.com/default.aspx?scid=kb;en-us;292063
Or have some of that plumbing done for you by doing it this way:
How to create a script for the Rules Wizard in Outlook:
http://support.microsoft.com/default.aspx?scid=KB;en-us;q306108
Then all you really have to do is call the MailItem.SaveAs method, like this
for example:
objItem.SaveAs "C:\MyFolder\Myfilename.txt", olTXT

Signature
Eric Legault (Outlook MVP, MCDBA, MCTS: Messaging & Collaboration)
Try Picture Attachments Wizard for Outlook:
http://www.collaborativeinnovations.ca
Blog: http://blogs.officezealot.com/legault/
> Is there a way to configure Outlook to automatically move unopened, new mail
> directly to a folder outside outlook. I do not want to use any additional
> software. I was wondering if a macro could accomplish this.