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Default Excel saves to wrong folder

In Excel XP, I open two files from a local folder. Then I save (using 'Save
As') the first file to a folder on a network share, when I try and save the
second file to a different folder on the same network share, Excel saves the
second file to the folder the frst file was saved to. I can diplicate this on
multiple machines on multiple domains. I have applied all updates. Is there a
way to stop this from happening? The only work around I have come up with is
to close Excel between each 'Save As' attempt.
 
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