Start Run Regedit
Go to: HKEY_CURRENT_USERSoftwareMicrosoftInternet ExplorerToolbar
Modify/Create String Value of Data type REG_SZ Named LinksFolderName
Value Data: Set the String Value to a blank string
Open Internet Explorer and manually delete the Links folder from Favorites Menu.
The Links folder will not be recreated.
Exit Registry / Reboot source:here