Local Browser History Problem

I have installed the latest SmartFTP 4.0

+- SmartFTP ---------------------------
Version : 4.0.1111.0
Time Stamp : 2010-05-11 12:07:57
Platform : x86
Id : 400069462
Maintenance : 2012-07-18
Days in use : 633

And now the local browser history seems to be having a problem. Instead of showing the full path as it used to, it appears the it is only showing the base folder name.

The remote browser is still showing the full path in the history. I use the history a lot going backwards and forward to directories and would like it as it used to be

Hello. This is under Windows XP, right?