Outlook's connection and suspicious local network

Why does my email outlook.exe have an established connection to 127.0.0.1 internal network

Update: It is online and sending/receiving pop/smtp from isp

Update 2: The Local and Remote IP are the same (127.0.0.1), and it disappears after I send/receive

using a third party IPtool.....I'm trying to figure how to setup my Nortons firewall.  Windows 8 home, outlook 2010, Nortons newest edition, iptools, (netstat -ano)