If you have a Windows NT network, you can establish a common Favorites folder for your Windows NT Clients.
Create a folder on the server with appropriate (for your organization) permissions and share it.
On each Windows NT Client, edit the registry at:
HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Explorer\User Shell Folders
In the right hand pane, double click the Favorites value (a type REG_SZ) and enter the UNC path to the common Favorites folder:
If you prefer, you could use a mapped drive ( F:\ ) or even F:\Favorities.