Microsoft → [Word] Autorecovery / Versions

I have used Autorecovery for a long time in Office 2003, and it was one of the first settings I tweaked when I got 2010. I have it set to save recovery information every 5 minutes, and I have the "keep autosaved" box checked as well.

Only problem is that it is not saving the recovery information or the old versions. You can guess how I found out about that ;-(. Not a biggie this time because I didn't lose that much work, but I would like to insure that this doesn't happen again. The unsaved files folder is totally empty and I have had a test document with unsaved work sitting open for 20 minutes without having done a save.

I'm sure you already know this
"..
Save early and save often

The AutoRecover and AutoSave features are not a substitute for regularly saving your work by clicking Save Button image. Manually saving your file is the surest way to preserve the work you have done.
.."
»office.microsoft.com/en- ··· 729.aspx

What is the location of auto recover files under Microsoft office|Microsoft Office 2010|Microsoft Word 2010|Word Options|Advanced|File Locations|AutoRecover files?

Cudni