I checked the other locations

I did find the Content.IE5 folder in C:\Documents and Settings\Local Service\Local Settings\Temporary Internet Files\

It had four strangely named subfolders and the only file in each subfolder was desktop.ini which I deleted.

I did not find a content.IE5 folder in
C:\Documents and Settings\Network Service\Local Settings\Temporary Internet Files

or in C:\Documents and Settings\Brant\Local Settings\Temporary Internet Files

or in C:\Documents and Settings\Brant\Local Settings\Temp\Temporary Internet Files (where I did originally find it)