If I am understanding you correctly then I would either recreate the template using the new location or modify the location that the current template points to.
The following link will help you with the former solution.
http://office.microsoft.com/en-us/excel/HP052037601033.aspx
For the latter solution try Tools, Options, File Locations, User Templates and then modify to the new location or move the template to this location.
Good luck and let us know how it goes.
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