In outlook 2003 (v11.0 build 6568) I select the contacts folder, then perform the following menu operations and selections.
[File] > [Import and Export...] > [Export to a File] > [Next >] >
[Microsoft Excel] > [Next >]
At this point the dialog box tells me to select a folder to export from, but the window is empty! It does not matter which type of file I select in the previous window - there are never any options displayed for the from folder.