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The asterisk.conf file defines the locations for the configuration files, the spool directory, and the modules, as well as a location to write logfiles to. The default settings are recommended unless you understand the implications of changing them. The asterisk.conf file is generated automatically when you run the make samples command, based on information it collects about your system. It will contain a [directories] section such as the following:
[directories] astetcdir => /etc/asterisk astmoddir => /usr/lib/asterisk/modules astvarlibdir => /var/lib/asterisk astdatadir => /var/lib/asterisk astagidir => /var/lib/asterisk/agi-bin astspooldir => /var/spool/asterisk astrundir => /var/run astlogdir => /var/log/asterisk