Click the My Reports or Public Reports folder in the web client navigation pane to populate the content pane with the list of report objects.
Select one or more report objects for adding to your Favorite Reports folder. The 
button next to the List of objects label will now be enabled.
Click the 
button.
In the New Favorites dialog box, confirm that you wish to add links to the identified reports into your Favorite Reports folder. Copies of the report names will appear in the Favorite Reports folder.