yeah, speed disk (when set to optimize the swap) will defrag the swap file and put it at the beginning (fastest) part of whatever partition it is in.
my swap file is 1GB ;-) it doesn't budge ;-)
i have it in C, at the beginning of the drive like i like it. that's why i don't have it at a different partition.
if you don't FIX your swap file, it will grow and shrink. AND win98 allows the swap file to get defragmented (separate parts), which is not a good thing. I've had my swap file at 1GB for quite a while, even when i had 192 MB of RAM. i have 448 now. i had problems with my swap file at 128 MB... lol i moved it up to 512 after that... and now, 1 GB. no problems as far as i know.
anyway...
blah, blah, blah,...
the swap file should go in your fastest partition\drive and the fastest part of that partition\drive... of course this is not necessarily your OS partition. but what idiot puts their OS in a slow drive?