The following instructions are for Microsoft Outlook 2000. The actual process may very slightly from version to version. Consult the Microsoft Outlook Help for more specifics.
Within Microsoft Outlook select ‘Import/Export’ from the ‘File’ menu. You will get a dialog box like this:

Choose ‘Export to a file’ option and click ‘Next’'. You will then see a dialog box like this:

Choose the folder you would like to backup:

Choose the file name you would like to use for your backup.
You can restore your backups in a similar way. All you have to do is to choose import option in the first step.