Location of the powershell profile on windows 7

When executing the command notepad $profile an instance of notepad opens but I get a warning that the path doesn't exist.

So I'll have to set this manually, does anybody know how? There are a couple of locations, but I'd prefer to put the profile in the correct location.

There are multiple profile scripts that can be created according to which hosts and how many users you wish the profile to apply to. The PowerShell 2.0 help has an about_Profiles article that goes into detail. The short version (from the docs) is:

Description                Path
-----------                ----
Current User, Current Host $Home\[My ]Documents\WindowsPowerShell\Profile.ps1
Current User, All Hosts    $Home\[My ]Documents\Profile.ps1
All Users, Current Host    $PsHome\Microsoft.PowerShell_profile.ps1
All Users, All Hosts       $PsHome\Profile.ps1

Name                               Description
-----------                        -----------
$Profile                           Current User,Current Host
$Profile.CurrentUserCurrentHost    Current User,Current Host
$Profile.CurrentUserAllHosts       Current User,All Hosts
$Profile.AllUsersCurrentHost       All Users, Current Host
$Profile.AllUsersAllHosts          All Users, All Hosts

Here's a PowerShell script you can use to check for the existence of these profiles, and create them if they don't exist.

http://jdhitsolutions.com/blog/2009/11/get-profiles/