Thanks for your quick reply
First, remember I'm using 4.7i... some of your instructions don't seem to correlate with what my admin panels look like...
I double and triple checked the data path & data url.
In my 2 main admin screens: "Edit Options" & "Edit Config" I do not see "storage options" or "revert".
I also search all files in the installation for "old_path_information" and corrected where needed - like in watermark.php.
Still having same problem...