IMAP folder not visible

Hi to all and Happy New Year!

I've installed today additional IMAP account to PIM that works fine with 3 POP 
accounts and 1 IMAP.  The new account seems to operate fine (incl. shown in 
Akonadi), but I don't see the account in Kontact like I see my POP folders and 
my other IMAP account.

What am I doing wrong?  Thanks,
gk

Kubuntu 11.10, KDE 4.7.4
Kontact 4.7.3

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