Hi, and WELCOME TO TECHIMO - from the Folding@Home Team (#111)...!
As Steve mentioned, I would check that you are able to print multiple page documents from other application/s...
I would also check that the default in the "Print" options isn't to only print page one... When you click the "Print message" (or whatever it is) in Hotmail, it most likely pops up a new window/tab and the 'print' window is automatically opened. If you either check the settings there, or click "Cancel" and tell it to print manually...
Let us know how you get on....
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Whenever someone says "You can't miss it" I invariably do...