VMS Help DCE_SECURITY, Admin Intro, DCE$IMPORT, IMPORT, Data Qualifiers, /HOME_DIRECTORY=string  *Conan The Librarian (sorry for the slow response - running on an old VAX)

       /HOME_DIRECTORY=string

    Specifies the directory in which the principal is placed at
    login.

    If not specified the DCE account is created without a Home
    Directory.