http://www.vistaclues.com/use-your-my-pictures-folder-as-a-screensaver/

I think that's not posible in Vista... I looked for the option too and didn't find it

I have Vista Home Premium and use the screen saver to show my personal pictures. The steps are start>control panel>Appearance and personalization>change screen saver> select photoes then apply.

 

Suggestions. remove all folders but one. put all the pictures you want to see in that one folder.

 

Each time the slide show runs , a different way of displaying the pictures is used.

What mlforbes3779 wants is to see the name of the pic on the screensaver presentation... I think he already did that...