get information from outlook to excel

How can I:
flag an e-mail using a rule in outlook
from excel look for those flags
when found copy the text of the e-mail into excel and process it
then change the flag to completed
look for the next flag
if none quit outlook

I've tried several samples of code and so far I can't seem to open outlook from excel.

Thanks

the reading of the BODY of the email will cause a security popup that makes the user
allow it to interact with outlook....(im using outlook 2003)

just put this in a module in excel and add a reference to the outlook x.0 object library

VB Code:

Private Sub GetMail()
    Dim OTL As New Outlook.Application
    Dim MAPI As Outlook.Namespace
    Dim INBOX As Outlook.MAPIFolder
    Dim MAIL As Outlook.MailItem
    Set MAPI = OTL.GetNamespace("MAPI")
    Set INBOX = MAPI.GetDefaultFolder(olFolderInbox)
    For Each MAIL In INBOX.Items
        If MAIL.FlagIcon = olRedFlagIcon Then
            Debug.Print MAIL.Subject 'this will work without causing security popup
            Debug.Print MAIL.Body 'this WILL cause the security popup
        End If
    Next
    Set MAIL = Nothing
    Set INBOX = Nothing
    Set Map = Nothing
    Set OTL = Nothing
End Sub

You also need to add a reference to MS Outlook xx.0 Object Library from Excels Project > References menu item.

I also have many many Outlook code examples on the forums. ;)