Obviously it is a good practice, and the default out-of-the-box configuration, to disable JavaScript (“Active Scripting”) in the e-mail client. For those who allow script to run, here’s an example of how one phishing scam e-mail writes a deceptive URL into the status bar of the viewer window to trick you into believing that you will be visiting a legitimate site:
Visible text: Login immediately to your account.
HTML code: Login immediately to your account.
Outlook 2000 and 2002 don’t display a status bar, so this must be targeted at other mail clients.
(Incidentally, the IP address for “US Bank” is listed under a service provider in Spain.)