Help with iTunes.. Hard drive..

[garlad]

Hi!

Ok, I like using iTunes, so I hope to be able to do so. What I am trying to do is the following;

I would like to have ALL my music on my external hard drive..

I would like to make sure any music I buy from iTunes goes to a folder on my external hard drive and not on a default folder on my laptop.. (I realise I would have to have my hard drive plugged in when buying music)

I obviously then want to import all my music from my hard drive to iTunes Library so that I can use it for playing music, getting art work and connecting my iPod etc..

Is all of this possible?!