"Favorites" bookmarks folder in Internet Explorer

Recently my hard drive failed on my primary PC (listed below in signature section). I am in the process of installing a new HD in the PC. In the meantime, my brother-in-law, H, was able to rescue some data from the HD, including Internet Explorer (IE) "Favorites" bookmarks. I was using IE 7 on the primary PC before the HD went down. I am currently using a back-up PC (Dell M1330 with Windows Home Vista 32-bit) with IE 8. Can I simply copy and paste the "Favorites" folder into the "Favorites" on my back-up PC to access the previous PC's bookmarks, or is a more complex process needed? I tried to find this information on Microsoft's Windows website, but am confused because it stated I needed to copy and paste another folder entitled "bookmark.htm", which is not available on the rescued "Favorites" folder from the errant HD.

Thanks for reading and any suggestions.

 

Indrek-

Thanks much for your informative response. I copied and pasted the Favorites data as you suggested and it worked perfectly, even all the formatting of the various subfolders were preserved completely.