Setting up an external hard drive with Live 8?

[deixis]

I've just upgraded my system to a new Macbook Pro running Live 8. I'm a bit new to the world of computer audio as i've always used analogue gear.

My question is regarding the inclusion of an external Firewire 7200 rpm hard drive in to the setup. I've been given the impression that I shouldn't run my audio from the Macbooks hard drive because it runs at a slower speed. This makes sense but i'm confused as to exactly what the process is. IE After Live's installation should I be moving any of its files onto the external hard drive or should I only be worried about the working audio files for each song that I make? Do I need to change any settings in Live's prefs? MY version of Live 8 came with 'Sampler' and an extra instrument disk. Again this all resides on the Macbooks hard drive so should I be thinking about moving any of those files on the external 7200 rpm hard drive?

I'm sure this is probably quite basic stuff to most of you but as I say i'm a newbie to computer audio so any guidance would be very much appreciated. At this stage I am presuming that I install Live 8 on the Macbook's hard drive and only use the external faster hard drive for my working audio files.

thanks!

[Rinsemeister]

To be honest (not being a Mac person) unless you are maxing out live there is no real reason to
separate your drives.

I'm sure that you'll be able to run Live adequatly without splitting your files between dis an' dat.

I'm ready to be flamed on this...........

Z.