To perform this procedure, the account you use must be delegated the following:
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Exchange Recipient Administrator role
For more information about permissions, delegating roles, and the rights that are required to administer Exchange Server 2007, see Permission Considerations.
Also, before you perform the following procedure, be aware of the following:
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You can apply only one managed folder mailbox policy to a user mailbox.
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Managed custom folders are a premium feature of messaging records management (MRM). Mailboxes with policies that include managed custom folders require an Exchange Server Enterprise client access license (CAL). To learn more about the licensing requirements for MRM, see "Client Access Licenses and MRM" in Understanding Messaging Records Management.