Quote Originally Posted by MOS MASTER
Yes I said that before because I didn't understand yet that it holds the true value of the default filesave path that the user gave in Option/Save tab!

I thought that recentfolderlist was some kind of MRU location and I agree that wouldn't tell you so much!

Under the Default, (Type) RegExpandSZ key you can find the default file save path and I've checked this from 2000/2003 so this is the answer to your question....

So am I not understanding you or are you looking for something else than your orginal question? (Yes I know I'm a nag but I'm sure I'm missing something here)
I see no RegExpandSZ key.
Could you export that key and show us the result here?