Sounds like your saved folder is in a weird place
Delete LW's preferences folder when LW's properly closed. Instructions are in points 2 & 3 below. If you've only used more recent LW versions (4.9.34 or later) then the folder will be in point 3's location only. If you have used earlier versions, you could have a folder in both places.
Deleting this folder will revert the location of your saved folder back to default (C:\Documents and Settings\your username\Shared).
It will also kill your settings within options...you'll have to go thru & reset things afterwards