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Change Default OPEN location in Excel 2007

I was wondering if there was a way to change the default location Excel opens files like there is for changing the default location for saving files. I changed that and it saves them where I want but if I close Excel, open it back up, and click Office -> Open it goes back to Documents instead of the default save location I changed. Thanks all.
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Rgonzo1971

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That does fine for the file saving but does not affect the Open button so every time Excel is opened and they want to open a file they have to navigate to where all the files are instead of Open opening in that location by default.