I suppose this is another reason not to like Win 7 OS. Here's what is odd. Performing this same task in Win XP, it is possible to open Windows Media Player, minimize the window to about 3" high at the bottom of the screen, and then open up Sound Editor and minimize the window to about the same height and have the window above WMP window. Two program windows on the monitor screen. One is WMP, the other Sound Editor. It is possible to start playing an audio track in WMP, hear the sound of the audio track, open up the Record window in Sound Editor and record the audio track in Sound Editor while the sound track continues to be heard in WMP. Same computer, with dual boot operating systems. I've performed this operation a number of times in the past. And, most importantly, the only output from the integrated sound chip is the output where speakers are connected. On the "Capture Sound from sound card" option described by REDWAGON, your correct it isn't available on the computer. What is shown in Sound Editor (Record) is "Capture From", but the box is entirely blue. In otherwords, nothing. The "Input" box indicates "Line Volume". Finally, the "Record Internet Audio" button is highlighted.
However, the supposed improved Win 7 OS is apparently incapable of performing the same task. At least, I haven't found a means to do this within Win 7. Please don't ask why I would want to do this. Such an explanation would just divert attention from the discussion at hand. I've been able to get around the problem. I did the audio editing in Win XP, saved the audio track in XP, and then accessed the audio track after booting up in Win 7. Copied the edited track to the desired file in Win 7 and it worked like a charm. Possibly someone else has a solution to how the sound settings can be made to accomplish the same objective. However, most on this forum would probaly not want to waste their time with this issue.
Thanks for the suggestions.