Studio Defaults to your "My Pictures" Folder,(in XP anyway). I doubt if you can Delete your "My Pictures" Folder in XP, because IMO, that would be an XP OS Folder, that can't be Deleted.
I don't have Vista.
If your "My Pictures" Folder is called something-else in Vista, you need to find it.
In XP, you would go to: Start / Search / Pictures / Pictures & Photos / search. Then the Containg Folder would be displayed.
You need to go-up the equivalent route, in Vista.
Try the above.
Anyone-else?