Changing The Opening Folder In The Works Word Processor?

I have Windows XP Pro, SP2 and version 8.0 of Works.

Now when I start up the Works word processor and I use the "Open" function, it always opens in "My Documents". When I use "WordPad" it opens in the last folder used. Is there a way to make the Works word processor act like this? If not, is there a way to change the default opening folder? (Also is there a way to change the default location where a file is saved?)

Also, since this is closely related, I'll ask this: When you use the Open function in the Works wp, you get the "Open" dialog box. At the bottom there is a drop down box called, "Files of type". It always opens with "Works Document (*.wps). If you click the drop down box, one of the options is "All Files (*.*). Is there a way to change it to this?