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Default Autosaving Workbook

I have a shared workbook that needs to be saved about every 5 to 10 minutes,
as well as when the workbook is opend and closed. Using the Autosave add in
would be perfect and the OnOpen OnClose woudl be good for closing. My
question is this - If the autosave add in is on the computer, and multiple
people logon to the computer, will the add in be present with each persons
profile since it is part of Excel? If not, does anyone have any suggestions
on how to achieve this using somthing like the Time = X, OnTime + 10
Autosave.Activeworkbook, OnTime + 20 Autosave.Activeworkbook, Ect. Thaks in
advance!!!

ZABU