Hey, Sandy - here's what I typed to fix your link:

<a href=http://www.folklegacy.com>http://www.folklegacy.com</a>

That red part is the part the reader sees, and it can be any phrase you want. The blue stuff, which is enclosed in angle brackets, is the actual command, and the URL you're linking to is what's in green - what's inside the angle brackets is invisible to the reader. Make sense?
Here's another example, this one a link for sending e-mail:

<a href=mailto:digitrad@mudcat.org>The Digital Tradition</a>

-Joe Offer-