I have been through my "Contacts" list in Windows Live Mail and saved all the contacts I want to keep to "favorites" . However I can't now find a "favorites" folder. Where is it? Also I want to send an email to all my "favorites" regarding my change of email address but there does not appear to be an option for "favorites" once clicking on "email Message"

I have been through my "Contacts" list in Windows Live Mail and saved all the contacts I want to keep to "favorites" . However I can't now find a "favorites" folder. Where is it? Also I want to send an email to all my "favorites" regarding my change of email address but there does not appear to be an option for "favorites" once clicking on "email Message"