Is it possible to create a folder that links to another?

Ive got a folder which I want to keep where it is, but I want a 'shortcut' of sorts to link to that folder from another location (within My Documents to be exact). Why dont I just create a shortcut to that folder and place it in My Docs, you ask? Because I want it to show up in the folder pane of Windows Explorer.

This possible?

Thanks!

Junction Link Magic (Freeware)

http://www.rekenwonder.com/linkmagic.htm

Junction Link Magic (734 kB - Windows 2000/XP/2003) is a utility that lets you create junction points with Windows 2000 XP, or 2003.

Junction Link Magic automatically lists existing junction points, and it offers you an easy interface to add, modify or remove junction points.

Junction Link Magic is freeware.

A junction point (also known as a reparse point) is a technology for a folder to be grafted into another folder on the same local computer.

Junction points are transparent to programs.

This might not seem like a big deal, but it can remove a lot of clutter. It also helps a lot when moving programs from one place to another, since just about every program in the Windows world expects to never be moved from the directory it was installed in.

E.g. moving your "Program Files" directory contents to another drive, and linking the original "Program Files" directory to this new location.

With junction points you can also surpass the 26 drive letter limitation.

Junction points can only be created on volumes formatted with NTFS 5.0 or higher. NTFS 5.0 is supported in Windows 2000, Windows XP, Windows 2003 and higher.

Awesome.. that sounds to be exactly along the lines to what Im looking for.

So I assume its not possible to do this without 3rd party software? Why do I vaguely remember thinking you could setup 'mount points' with ntfs filesystems and windows xp/2000? Maybe Im way off with this.