Outlook 2007: Minimize Outlook to Systray instead of Taskbar

First off, some terminologies so we are on the same page:

• taskbar = the bar that has your windows and icons at the bottom of your screen  
• systray = the small menu of icons you can pull up when you click on the arrow icon beside the clock on the far right of the taskbar.

1 simple step to minimize Outlook 2007 to the systray to save space on your taskbar.
1) By default, Outlook minimizes to your taskbar. So to save space, right click on the Outlook icon in systray, choose "Hide when minimized".

Voila! It should work now!

Note that earlier versions might require some tinkering with the registry or additional options in the Outlook options, if this doesn't work.