Let me respond to both Myguggi and Jim in this post:
The problem project that started this thread was a project made entirely with clips from my new camcorder, color panels and music. [believe me, I did not want to buy a new camera but was forced to as my Sony HC 62, which was working fine, was stolen - it used tapes and I imported with firewire [all the result of info obtained on the forum]. I have not considered a HD camera as I am 75 and the clips from both of my Sony camcorders looked good to me and my family has not complained about the quality of the videos.
The new camera [sony DCR-SX 45]uses a card [similar to my Nikon D 60 still camera] and when placed into the same card reader it prompts me to select a method of import and - so far - I have used the Roxio import. It has worked fine and the clips are put onto my hard drive in that manner. I like the card system as pretty easy to import.
I know I had this same color panel problem a few years ago and I do not remember how it was resolved. I do remember that I once had a Sony camcorder that recorded directly onto a mini disc and that caused some kind of problem with my then Roxio program and was the reason I bought the Sony HC 62 which worked great. However, I am not sure if the problem then was the color panels or something else. Also, I believe I also updated my Roxio program at the time.
Jim - I did try the "export as" solution [following your directions to the letter] using video clips from the project that first exposed the problem, however, the resulting discs had the same problem [i used both a Sony disc and a Verbatim disc].
So, while I am not losing interest in this matter I am running out of discs. I think I have made at least 10 test movies [using Creator 2010, 2012, clips from old camera, clips from new camera, photos and color panels and combinations of all. At this point I am more confused than satisfied. I should have kept better records of how the tests were made and their results.
I do know that some of the tests were successful - I just wish I knew why. When the problem first appeared I started updating drivers and doing other maintenance on my computer including buying and installing Creator 2012 some of which may have been of benefit.
The bottom line is - for now - I do not have to use color panels at all - I can put the text into photos or video clips and advance my story in that manner [while I do occasionally narrate I do so very sparingly]. All of the tests have been consistent in that there is no problem, regardless of the camera used, unless I use color panels. So, when I start a new project using my new camera I will try some color panels but will resort to the other method if they continue to cause a problem.
I want to thank you for trying to help me and while I am not sure if the problem has been solved the whole thing has been a positive experience in that I have:
1) Upgraded to Creator 2012 [beerman helped me in that regard].
2) Updated my drivers with a program called "Driver Detective".
3) Learned what a Screen Cap was and how to make and post one.
4) Learned how to create a "video file".
5) Learned what a "linefeed" was [i think].
6) Learned how to enlarge my timeline in Videowave which could be useful in a number of ways.
So, thanks again.