Launcher version 1.5 on Windows XP - systray menu and "Manage Items" window
When Launcher is started you can "open" it from the systray. Use the menu folders to navigate to your favourite schortcut items.
Notice the "Launcher Kit" folder. The more interesting things you can view from here are: "Preferences" (for program setup) and "Manage Items" (where items can be added, deleted, dragged around etc.).