Single folder installation of ie4.0>

how do I create a single folder installtion of internet explorer 4.0 or higher to run from a network drive without requiring files from the local pc.
I have seen a cd version of a running browser direct from cdrom from one folder which is of courseread only so thats the kind of installation I want to create.
shared favourites, history, etc would also be beneficial but not essential if they can be re-directed.