I have had similar experiences. Project Manager keeps 'full path' pointers to many objects, and will relocate most of these when you open the project and reply 'YES' to the question "Project has been moved, make xxx... the new home directory?" However, I have found that often pointers to graphics ( x.bmp ) files are improperly updated -- this appears to be a 'known bug', at least that is the reponse I got about a month ago on the UT. I am running VFP 5.0a with service pack 3 applied, and this is the only remaining aread where I don't see the project manager handling the pointers properly.