IE Favorites menu tweak

I have a new PC with Windows XP Home and IE 6. I am trying to figure out how to configure the Favorites menu so it only shows the most recently accessed links. When I click this menu, I get a full-page list of every link we’ve added, and would like to compress the list a little. I thought the only change I had to make was to the
“Tools\Internet Options\Advanced” tab, activating “Enable Personalized Favorites”, but that doesn’t seem to have any effect, whether it’s on or off.