How do you open a new Mac OS X Terminal from Terminal and have it be in the same directory? (Snow Leopard)

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I want to open a new terminal window from my current window. (like command+n opens a new terminal window that is in the same directory from the window I spawned it in). This has always annoyed me so today I want to solve it. Some bash script like

start /Applications/Utilities/Terminal.app -D CurrentDirectory

might work.

Also, my Lion machine does this automatically. I have Snow Leopard and I've searched through all the terminal preferences and the internet.

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