Just uncheck everything except Reach, Watershed and Basin under the Table of contents to make them visible under your working area. Then use Idnetify tool under the Tools toolbar and then click on the place close to the outlet. The identify dialog-box will appear: now choose or you can choose from the Identify from list-box. Then with out closing this dialogbox go back and click around the outlet. Now the number that you will see under Subbasin under the value column is your outlet subbasin.