Step 1: Click on the database name with left mouse button to edit. This highlights the name and brings the cursor into edit mode.
Step 2: Type in new name for database. Avoid using apostrophe's or any characters that might cause trouble with windows directory system. You don't need to enter ".mdb" extension.
Step 3: Hit enter to accept the new name. This will prompt you with a confirmation dialog box. Confirm the change by clicking on Yes button.