Windows 7 moving shortcuts from HD to USB drive

I have a folder called PICS with a bunch of sub-folders
as shown blow

PICS
SET01
cover.jpg
pict1.jpg
pict2.jpg
...
pict149.jpg
SET02
cover.jpg
pict1.jpg
pict2.jpg
...
pict232.jpg
SET03
cover.jpg
pict1.jpg
pict2.jpg
...
pict565.jpg
SETXX
cover.jpg
pict1.jpg
pict2.jpg
...
pict999.jpg
'set01 cover.lnk' --> a shortcut link to 'C:\PICS\SET01\cover.jpg'
'set02 cover.lnk' --> shortcut link to 'C:\PICS\SET02\cover.jpg'
'set03 cover.lnk' --> shortcut link to 'C:\PICS\SET03\cover.jpg'
'setXX cover.lnk' --> shortcut link to 'C:\PICS\SETXX\cover.jpg'

The "XX" represents the number of sub-folders the PICS folder has.
At the moment I have 130 folders and 130 corresponding shortcut links.



If I copy the PICS folder over to the USB drive and keep the same directory structure,
is there an easy way to update all of the shortcuts so the files can be accessed when the
drive is plugged into another computer?