My Calendars shows the cached copy in Public Folders\Favorites. Shortcuts
may be looking at the online original in Public Folders\All Folders. They
should be the same once Outlook synchronizes the changes in Favorites to the
online version.

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Sue Mosher, Outlook MVP
Author of
Microsoft Outlook Programming - Jumpstart for
Administrators, Power Users, and Developers
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> We have a shared calendar that is accessed via a public
> folder. We are using Outlook 2003 and exchange 5.5. Here
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> shortcut menu to view the calendar. I hope that makes
> sense.