Adminman3,
What version of Modular Messaging do you have? Mailbox Manager has a specific version for each MM system up to release 5.0. MM 5.1 and 5.2 don't work with Mailbox Manager. What version of MBM and MM are you working with?
For Auto-updates, the Mailbox Manager must be open to run at the specific time configured. If running on the MAS, then this software must be active. It will not launch on its own.
The Events icon should show if the auto-configure worked. Refreshing the Subscriber view should show the changes. Are you using the Save or the Send Now button? If Saving to a Project the Project Icon will show the changes made or failure.
Hope this helps.