Well, this hurts -
However . . .
You are really gonna need to share a bit more.
1 - Are you working with the full pro version of Vegas7?
2 - Have you SUCCESSFULLY done this type of project before?
3 - What are you rending to? What format?
4 - What format is your original media?
5 - What Project settings do you have? Does your Project Settings EXACTLY match your media?
6 - Could you please do a screen grab of your timeline and post it here? I want to see just how complex and where the media is "placed".
I have more questions to ask you, but these are the ones I start with when, in the past, I got a scrambled project.
Sorry you are at where you are. Let's see if we can get to the bottom of it - yeah?
Grazie -