MICROSOFT OUTLOOK how to create a rule that copies message to a folder if message is from one of my contacts

I want create a new rule to copy all messages from anyone in my Outlook contacts (ie. People or Favorites button in lower left corner of left-hand Nav pane) to a specific folder.

But when creating a rule I don’t see any condition that specifies my Outlook contacts.

If I select “people or public group” then “Next>” doesn’t work.