Hope you don't mind if I answer this. I have elements 5 and windows xp. You should have it. This is the path to use. This is the actualy path to mine.
C:\Documents and Settings\All Users\Application Data\Adobe\Photoshop Elements\5.0\Photo Creations\special effects
C:\Documents and Settings\All Users\Application Data\Adobe\Photoshop Elements\5.0\Photo Creations\special effects