This seemed to work. Thanks!
Just to be clear, what I did was create a key called Place1 in the folder indicated. I created two string values under that key, one with Name = "Name" and Data = "[Shortcut Name]" and the other with Name = "Path" and Data = "[Path of Folder]".
I don't know if makes a difference, but I'm running Windows Vista.
Thanks again, this method seems pretty handy.