<div>
 <div>
  <tag:label />
 </div>
 <div>
  <select id="initial_page" name="initial_page">
<if:nofolder>
   <option value="INBOX" selected="selected"><gettext>Inbox</gettext></option>
<else:nofolder>
   <option value="<tag:folder_page />"<if:foldersel> selected="selected"</if:foldersel>><gettext>Folder Navigator</gettext></option>
   <option value="" disabled="disabled">- - - - - - - -</option>
   <tag:flist />
</else:nofolder></if:nofolder>
  </select>
 </div>
</div>
