Finally, it finds the file specified in the directory where it ends up. In a word, yes, but it isn't terribly pretty. You'll note that the result is in typewriter-style text, fixed space. This is necesssary so that alignment of columns and spacing comes out. Here's an example lifted from email . . .
Campaigns use same ads with only the name of the target changing.
Line breaks, spacing, etc. remain exactly as in the original. Not pretty, but very efficient. Check out the wealth of html aids and converters from Microsoft . The reason for this is that most servers are programmed to send that file if no other file is specified. This convention allows the user to input fewer keystrokes to access a site.