This technique works with only Windows shortcuts, not with program icons. The shortcut must be stored on the desktop or in the Programs menu--Windows ignores your instructions completely if the shortcut is stored anywhere else. Finally, the key combination must consist of a letter or number plus at least two of the following three keys: Ctrl, Alt, Shift.
To assign a keyboard shortcut, right-click the shortcut icon and choose Properties. On the general tab, click in the Shortcut key box and press the key combination you want to use (if you press only a letter or number, Windows adds Ctrl+Alt to the key assignment). Click OK to save your change. I've assigned the key combination Ctrl+Alt+Shift+C to the Windows Calculator; now, from within any program, all I have to do is press those keys to pop up the calculator instantly.
Heres a link so you can download this neat program that lets you open your laptops cdrom drive or pc cdrom drive with a shortcut key combination. It says it works on almost all windows programs. If you use a desktop it will open and close your cd drive.
http://www.digital-miner.com/hkcontrol.html