you should be able to install the old drive as a second drive, and in Outlook express you would import your contact list and folders (messages) using the import feature. It is a wizard under FILE > IMPORT > choose what you want, then follow the wizard.
I remember last time I did this it did seem to work pretty well, as long as the folders are the standard assigned ones that were set-up by Outlook, or at least they were inside the same structure.
Ray