There is no such built in policy how ever you can create your own
Administrative Template for use with group policy to change the follow
registry entry:
HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Explorer\User
Shell Folders\Favorites to point to for an exampel
\\server\share\%username%\favorite This will not added the features such
offline support and sync.
323639 - HOW TO: Create Custom Administrative Templates in Windows 2000
This step-by-step article describes how to create custom Administrative
Templates to use with Group Policy settings in a Windows 2000-based domain.
Group Policy templates provide an interface that you can use to apply
registry changes to the target... http://support.microsoft.com/default.aspx?scid=kb;en-us;323639
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