By default Internet Explorer stores a user’s temporary internet files within a user profile typically located under C:\Users or C:\Documents and Settings. This setting can be easily be changed within Internet Explorer.
Configuring Temporary Internet Files in Internet Explorer:
When Internet Explorer is open, click on Tools and then select Internet Options. On the General tab, under Browsing history, click the Settings button.
Click Move folder…
Then select the new drive and folder you want to use and click OK to exit the property pages.