iTunes: One shared music folder, personalised library on each account

Hi all,

I'm looking for a little advice after much testing alone.

Im looking to change the way my partner and I share music due to some differing tastes.

Is it possible to have one folder of music on the Shared folder, but then us both to important different things from it to our own iTunes on our own Mac accounts? So basically, we can both reference one folder to see what we want but being picky about what we import without duplicating some items.

Thanks for any help you can give.

Aimee