You are correct and that just would not happen for me, that is why the post was made. Discovered there was a 'State.PMJ' that was missing from my Admin folder. For some reason it was not created when doing the fresh install today.  Had kept my original installation on a different drive and went through and compared each folder and when there was a missing file it was copied to my new installation. There is a 'State.PMJ' in the "\PMail\Mail" folder and the "\PMail\Mail\Admin" folder. This last one is the one that tied it all together. I was missing the 'New Mail' and Deleted Messages' folders, they are now back where they belong.

Back up and fully operational as of this evening.  It all started when I neglected to connect my power adapter for my laptop and the battery died on Friday about 1100hrs local time and ended this evening about 1900hrs local time, almost 2.5 days.  Whew ! ! Very happy it is over. Solved ! ! !

A very large THANK YOU goes to "irelam' for his assistance and advice . . without him . . I hate to think of what I would have done . .

Just did a fresh install from the latest download of "W32-463.exe" and a new mail folder was not created.  Do I need to start all over again? I spent the full morning getting my PegasusMail reinstalled and operational. 

[quote user="NTxLS"]Just did a fresh install from the latest download of "W32-463.exe" and a new mail folder was not created.  Do I need to start all over again? I spent the full morning getting my PegasusMail reinstalled and operational. 
[/quote]

New mail folder display will appear after you check new mail. New mail "folder" is just display of the .cnm files and is not like a real folders with .pmm or .pmi pair.