Hey there thisis myname, This was a very good question. I went and tested it on a couple of the TVs we have here and it seems you should be able to create 5 favorite lists. If you don't manually rename them it would be My Favorites up to # 5 (the first list is not given a number). Depending on the size of your screen the setup option for the 5th might be at the bottom of y our list out of view. You may have to scroll the bottom to see it. I hope this helps.