Hi folks,
I had the same problem on Xp, and i simply did the following
1. right click on the .exe
2. go into properties
3. select the compatibility tab
4. and set the compatbility mode to win98/winme
and it started loading the save files, from the saved folder, and anywhere in the installation folder (i.e c:\re2\).
Well..my pc specs arent good as MSMstud's....but...it works.