Mhonarc and Outlook Express

I've just install Mhonarc v 2.1.0 on a win95 system and I would like to
convert my Outlook Express mailboxes into html. However, when I did so
Mhonarc converted the entire mailbox into one html "message" with no
differentiation between the different messages therein. Has anyone been able
to use Mhonarc with Outlook Express? What do I need to do to convert my
existing mailboxes, which are currently sitting at thousands of messages
each?

Thanks kindly,

-Trin