Allows:
Viewing object names and subfolder names.
Making changes to subdirectories in the folder.
Does not allow:
Access to objects, unless granted by other folder or object permissions.
See Also
Standard object and folder permissions
No Access (None)(None)
Read (RX)(RX)
Add (WX)(Not Specified)
Add & Read (RWX)(RX)
Change (RWXD)(RWXD)
Full Control (All)(All)