I am thankful that HOTMAIL still exists. Windows Live Mail doesn't seem to have a capability for reporting Phishing Scams. I don't know what you do with these often stupidly-constructed attempted frauds in HOTMAIL when we label them and they vanish, but it's comforting to know that less cognisant "Dear Beneficiary" or "Congratulations, you've won the Lottery" recipients might be protected from sending their personal details to these evil liars.

If it's a known company, I always try to alert them. My own bank insists on messages pretending to come from it being copied or Forwarded to their security website [and somehow, the scammers cloned one of this bank's actual web security addresses!].

As to Live, am I missing something? All the Web Help is for HOTMAIL.