UFT 3.0 for PC Online Help shows the following. Perhaps it will be of some use.
"Each place uses an internal record number in the Place Library.When a place is added to an event, a link from the event to that place record number is created.If that place is missing from the place library because you deleted the place in a different project, you deleted the Place Library, or you overwrote the Library files by reinstalling the entire program, the link to a valid place is broken.
To restore the missing place, choose Project from the Utilities menu, and then Check.Select all options in the Project group and then choose Repair.Any places used in the current project that are missing from the library are restored.The new place is given the name Missing Place no. nn.The nn represents a place number.To change this place name to the correct name, return to the Individual Record window that contained the missing place.Tab to the place field Missing Place no. nn and overwrite Missing Place... with the correct place name for that event.Press F9 to save.A message appears stating that the place was Missing Place no. nn and is now the name which you just typed.Choose Yes to change the spelling to the new name.
NOTEBe sure to enter the correct place name as this new place name will now be attached to all events that originally used this missing place in this project and any other projects using this place record.