You can try Doug's registry fix and see if it works for you.
"This problem crops up in Windows XP a lot. This is caused by corruption of 1 or both of the 2 relavent Registry branches that affect this behavior.
Close all open IE/Outlook/Outlook Express windows. Click Start, Run and enter REGEDIT
Go to:
HKEY LOCAL MACHINE\Software\Microsoft\Protected Storage System Provider
Right click on the Protected Storage System Provider subkey and select Export. This creates a backup REG file that can be re-imported by double clicking on it. Next, right click on the Protected Storage System Provider subkey and select Delete. Try IE or Outlook and see if it either will retain your password. If so, then you're set. If not, delete the Protected Storage System Provider subkey again and then
repeat the above steps for:
HKEY CURRENT USER\Software\Microsoft\Internet Explorer\IntelliForms\SPW
And try IE/Outlook again."
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Doug Knox, MS-MVP Windows XP/9x
Win 95/98/Me/XP Tweaks and Fixes
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