I would like to create a folder/list something, on the exchange server that contains contacts like in outlook that can be shared among outlook clients. The clients can then add this list as a contact folder and drag contact they wish to share into the folder. I cannot find anything in the doc for doing this. I have tried creating an Address List but it cannot be added as a contacts folder in outlook, it appears as an address book. I also don't believe that manually adding Mail Contact objects to AD is the answer either. ??

This can be done by creating a Public folder with contact content, after creating it revise the permission on the folder.