Step.1-click on insert button. Step.2-click on hyperlink button. Step.3-now create any folder.

What is a hyperlink?
A hyperlink is a selectable object that includes the path information to another object. The object can be a target on the same document, a file on the same computer, or a uniform resource locator giving the location of a web page halfway around the world. The process of creating a hyperlink is exactly the same in all cases. Some point on the document or webpage is turned into an active spot which includes the path information and by clicking on it will take you to a specific destination.

Process1. I create a link on a document that points to another file in a sub directory and save the document to the root. Master Link File is in c:\process\ A supporting document is in c:\process\artifact Link in the master link file is c:\process\artifact\xyz.doc (good) 2. I make a copy of the process folder and its contents as a back up. I rename the backup to c:\process 20071029 3. Now I need to retrieve the back up of the master link file, so I copy the master link file from c:\process 20071029 to c:\process 4. When the file is opened in c:\process, all the links are hard coded to c:\process 20071029 (very bad)