It also gets rid of the iritating loading screens between death/resing (if there is nothing to load of course).
Finding the file.
For Windows XP on default install dir:
C:\Documents and Settings\USERNAME\Local Settings\Application Data\Funcom\Conan\Prefs\USERNAME
For Windows Vista on default install dir: (Thanks Olib)
C:\Users\Administrator\AppData\Local\Funcom\Conan\ Prefs\USERNAME\
You will have a file called
Prefs_2.xml
Now open it in a notepad and CTRL+F to find the string of text and copy/paste in the line below