Converted to 10.1-lost my file folders-now only showing icon-how do you get in folders?

So I updated to the new Final Cut Pro 10.1. And now I have one question.

Before, I was able to go the the external drive where I have my Final Cut Events folder and my Final Cut Projects folder. I was able to access these folders and browse through.

Now with the new Final Cut Pro X 10.1; I don’t have any folders.

All I have is this icon and when I click on it this does not open to a browser with all the files, it just opens up Final Cut Pro.

Am I missing something? Or is this the new way of doing things.

I liked the fact that I could go into the folders in the previous FCP-X.

Any help or information will be appreciated. - Thanks!

Travis

The events and projects folders are inside the bundle. Right-click on it to Show package contents. But like previous versions you really should not be going inside there. Information about the events and projects are contained in the CurrentVersion files. Altering the content can corrupt those files because the don't make sense any more.

Check These out.
www.macprovideo.com/hub/final-cut/fcp-x-...-to-libraries-part-1

www.macprovideo.com/hub/final-cut/fcp-x-...-to-libraries-part-2

Thanks Tom! You helped me out last time. I swear I'm starting to feel like I need to pay you.