The code below will create a shortcut:

WshShell = Createobject("Wscript.shell")
strDesktop = Alltrim(WshShell.SpecialFolders(tcShortCutPlacement))
oMyShortcut = WshShell.CreateShortcut(strDesktop+"\"+tcShortCutName)
oMyShortcut.WindowStyle = 4  && 1=normal 3=Maximized 7=Minimized  4=Normal
oMyShortcut.IconLocation = lcSaveIconDir
oMyShortcut.TargetPath = lcSaveTargetPath
oMyShortcut.WorkingDirectory = lcSaveWorkingDir
oMyShortcut.HotKey = "ALT+CTRL+F"
oMyShortcut.Description = lcSaveDescription
*oMyShortcut.Arguments = "C:\myFile.txt"

I know the name of the shortcut determines the title you see under the icon on the screen and you can rename the 'lnk' file to change that title.

1. Is there a way to name the file while creating the shortcut (different from the target name)?
2. How to change other properties like 'close on exit' while creating the shortcut or programatically?