Confirming on a fresh installation of Ubuntu 9.04 x86 Desktop.

After successfully authenticating to my Exchange account, Evolution subscribes me to the "Favorites" folder, but to nothing else.

If I choose Folder > Subscriptions > Exchange account, Evolution displays an empty list.

Meanwhile, Evolution emits the following hieroglyphics to the command line:

jsk@xenon:~$ evolution
** (evolution:3911): DEBUG: Loading Exchange MAPI Plugin
** (evolution:3911): DEBUG: MAPI listener is constructed with 1 listed MAPI accounts
** (evolution:3911): DEBUG: mailto URL command: evolution %s
** (evolution:3911): DEBUG: mailto URL program: evolution
** (evolution:3911): DEBUG: EI: SHELL STARTUP
e-data-server-ui-Message: Unable to find password(s) in keyring (Keyring reports: No matching results)
e-data-server-ui-Message: Key file does not have group 'Passwords-ExchangeMAPI'
libexchangemapi-Message: exchange-mapi-connection.c:130:
exchange_mapi_connection_new: lock(connect_lock)
exchange-mapi-connection.c:75: Entering mapi_profile_load Unknown
parameter encountered: "max log size"
Ignoring unknown parameter "max log size"
Unknown parameter encountered: "syslog"
Ignoring unknown parameter "syslog"
Unknown parameter encountered: "passdb backend"
Ignoring unknown parameter "passdb backend"
Unknown parameter encountered: "unix password sync"
Ignoring unknown parameter "unix password sync"
Unknown parameter encountered: "passwd program"
Ignoring unknown parameter "passwd program"
Unknown parameter encountered: "pam password change"
Ignoring unknown parameter "pam password change"
Unknown parameter encountered: "map to guest"
Ignoring unknown parameter "map to guest"
Unknown parameter encountered: "usershare allow guests"
Ignoring unknown parameter "usershare allow guests"
Unknown parameter encountered: "guest ok"
Ignoring unknown parameter "guest ok"
Unknown parameter encountered: "guest ok"
Ignoring unknown parameter "guest ok"
Loading profile <user-name>@<domain-name>
exchange-mapi-connection.c:116: Leaving mapi_profile_load
libexchangemapi-Message: exchange-mapi-connection.c:133:
exchange_mapi_connection_new: unlock(connect_lock)
libexchangemapi-Message:
exchange-mapi-connection.c:138: exchange_mapi_connection_new: Connected
exchange-mapi-connection.c:2660: Entering exchange_mapi_get_folders_list
libexchangemapi-Message: exchange-mapi-connection.c:2662:
exchange_mapi_get_folders_list: lock(connect_lock)
    OpenMsgStore             : MAPI_E_CALL_FAILED (0x80004005)
libexchangemapi-Message: exchange-mapi-connection.c:2733:
exchange_mapi_get_folders_list: unlock(connect_lock)
exchange-mapi-connection.c:2735: Leaving exchange_mapi_get_folders_list
(evolution:3911): camel-mapi-provider-WARNING **: Could not get folder list..
exchange-mapi-connection.c:2660: Entering exchange_mapi_get_folders_list
libexchangemapi-Message: exchange-mapi-connection.c:2662:
exchange_mapi_get_folders_list: lock(connect_lock)
    OpenMsgStore             : MAPI_E_CALL_FAILED (0x80004005)
libexchangemapi-Message: exchange-mapi-connection.c:2733:
exchange_mapi_get_folders_list: unlock(connect_lock)
exchange-mapi-connection.c:2735: Leaving exchange_mapi_get_folders_list
(evolution:3911): camel-mapi-provider-WARNING **: Could not get folder list..
exchange-mapi-connection.c:2660: Entering exchange_mapi_get_folders_list
libexchangemapi-Message: exchange-mapi-connection.c:2662:
exchange_mapi_get_folders_list: lock(connect_lock)
    OpenMsgStore             : MAPI_E_CALL_FAILED (0x80004005)
libexchangemapi-Message: exchange-mapi-connection.c:2733:
exchange_mapi_get_folders_list: unlock(connect_lock)
exchange-mapi-connection.c:2735: Leaving exchange_mapi_get_folders_list
(evolution:3911): camel-mapi-provider-WARNING **: Could not get folder list..