Hi Scook,
Thanks for the tip! I have successfully moved the Cakewalk Content & Cakewalk Project folders to my external drive, and revised the mapping in preferences per your instructions. The projects are intact. However, when I went to install a Cakewalk update, I received an error message regarding a missing Cakewalk Core folder (one of the sub folders under "Cakewalk Content"). See screen shots for the error message. How can I inform the Cakewalk updates to point to the new external drive?