The Open From Vault command lets you open a MAX file directly from Autodesk Vault, the data-management provider included with 3ds Max.
This option provides secure control and versioning of assets used in the digital-content creation process without the need to use the Vault client. Choose the version of Vault that you used to store the scene.
If you haven't set a working folder, 3ds Max displays a warning when you attempt to open a file from the vault. After you dismiss the warning, the Browse For Folder dialog opens, which you can use to specify a working folder.