How to re-locate My Favorites in IE?

Hi, does anyone know how to modify the folder My Favorites in Internet Explorer to some where else

normally it is located in
C:\Documents and Settings\User\Favorites\

i want to change it to
D:\Favorites

cuz i keep on loosing my favorites everytime i format my hard drive, especially in the past months ive formatted 5 times and each time i keep on forgetting to back it up ><