Here's our Internet Explorer Tip for.. February 20, 2003
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Changing Addresses in Microsoft Internet Explorer
Web sites do change URLs now and then. If some of the sites in your Favorites folder have changed, you don't have to re-enter them. All you have to do is edit them in Microsoft Internet Explorer.

Just choose Favorites|Organize Favorites, and then right-click the address you need to modify and choose Properties. When the Properties dialog box opens, click the Internet Shortcut tab. Replace the current URL (in the Target entry box) with the new one and click OK to save your changes and close the dialog box.