You can now import and export Favorites and cookies in Microsoft Internet Explorer. Let's say that you want to export your Favorites to back them up.

1. Choose File -> Import and Export. When the Import/Export wizard opens, click Next (see picture 1).
   
   

   Picture 1

2. Now, select Export Favorites and click Next (see picture 2).
   

   Picture 2

3. Select the folder to use as the source and click Next. At this point, you need to select a destination (see picture 3).
   

   Picture 3

4. Select the radio button labeled "Export to a File or Address" and then click Browse. Select a target location, name your backup file, and then click Next (see picture 4).
   

   Picture 4

5. Click Finish and you're done (see picture 5).
   

   Picture 5