When you installed Pando, it created a folder in c: \Documents and Settings\My Documents called "My Pando Packages". That’s the default destination for downloads. Episodes for your RSS feeds (Channels) are placed in the “Channels” folder inside “My Pando Packages”.

But you can change that if you feel the need:

1. Start Pando. If it's already running, you can click on the Pando icon in your system tray to bring it to the front.
2. Click the options menu on the upper right portion of the window.
3. Select Storage.
4. Look for "Default download folders:" Click the ". . ." button, either for Channels or Email, IM and Web.
5. Navigate to your folder of choice or click the New Folder button. When you click ok, the new folder selection will appear in the field next to the ". . ." button..