how to open local settings folder ?

A short tip for Windows XP users who have migrated to Windows 7, the local settings folder has been moved. If you are trying to access the Local Settings folder at the following destination:

C:\Users\<User Name>\Local Settings

then you are looking at the wrong place. You will get the following error message, “Location is not available” or “Access Is Denied”.
From http://www.addictivetips.com/windows-tips/access-windows-7-local-settings-folder/

In Windows 7 the Local Settings is a junction point, i.e, a hidden and protected OS system file that is not meant to be accessed by the users. Instead it points to a user-accessible folder at the following destination:

C:\Users\<user name>\AppData\Local

If you are trying to find some files saved in Local Folder, make sure you are looking in the right place.

Update: As the reader points out below, the quickest way to access the Local Folders is to type %localappdata% in Windows Explorer and hit Enter. Thanks Wander! Answered Mar, 04 2011

What local settings? If you mean Local Policy, just launch gpedit.msc in run box.

Answered Jul, 19 2010

1. Goto folder options, check "Show hidden files", uncheck "Hide protected operating system files"
2. Open Windows drive -> Users ->  folder named as <UserName> -> AppData -> Local

Now, you can see temporary folder and internet temporary files folder etc.

Answered Jun, 11 2010