Problem Solved.
It WAS a renaming issue. After i selected the render button, I figured "create new file" was just as good as naming the new file. Wrong. You must select "Create Specific File" in the Rendering Preferences Box. Thanks for the help Rob and D. +t's
Just want to make sure that I have things correct.
In the "Rendering Preferance" Dialog box tab "File", I have the following selected:
"Range" section, "Whole file": Selected
"Result" section, "Create new file" and "Copy markers": Seclected
"Create specific file": Selected
When I select the the drop down below the "Rename as source" button, it opens the "Audio File Format" dialog box. Are these setting correct:
Type: Wave (Microsoft)
File extension: wav (this is gray'ed out)
Audio format: PCM (uncompressed)
Channels: No Changes
Sample Rate: No Changes
Bit resolution: 16 bit
Attributes: Untitled
Thanks