Open Internet explorer, press F10. select File->Export/import option. Select the import favourites, Select the file from which it should be imported. Click OK. That will import the favourite.
In the File menu, choose Import and Export. In the wizard, choose Import Favorites. Browse to the location of the bookmark file you want to import and do it.
For IE7:
-Click favorites, then "Add to Favorites" inside IE. Locate import/export and click it. -In the Import/Export Wizard, click Next. Locate "Import Favorites". Next. -Choose the folder and click Next. -Then click finish.