best way to set up a shared calendar

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best way to set up a shared calendar

Hi
I am a novice to Outlook and need to set up shared calendars for two thing :
1. A holiday schedule that several people can update
2. A conference room

I am just wondering what the pro's and con's are of setting them up as :

a. a person, with an email address etc etc
b. a folder (under the public folders list)

Should I do one rather than the other ? Why ?
Thanks
Tracey
 

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