Thanks Shawn.
I had set all those settings correctly already, as I had in the past with Outlook 2003. However, your suggestion prompted me to delve a bit deeper. I thought I had tried this before, but we all know where assumptions get us.
Anyway, I fixed the problem by going to:
- Tools > Options > Mail Setup > Send/Receive
- I selected my "All Accounts" and hit "Edit"
- Ticked "Include the selected account in this group"
That did the trick. Don't know why it wasn't selected to begin with - perhaps an artifact of the migration from Outlook 2003 to 2007...
Thanks