Good afternoon.
It might be just a stupid and silly problem but I cant solve this out.
I am using Vegas 7.0 for quite long time now and tryed for first time "Open in Audio Editor" option.
Everytime I click it, it says the following :
There is no Audio Editor specified in Preferences.
I went there and didn't find anything usefull =\
Would apriciate if somone would help.

For Vegas to use your preferred audio editor,you need to let vegas know what and where it is i.e Soundforge,Audacity, Audition etc. Click on Options>Preferences, Select Audio tab. You'll find a 'Preferred Audio Editor' window and you can browse for it there.

If you do have an Audio Editor on your system, this is where you can make a PATH to it.

For example, I have SONY SoundForge9. I have set this up within preferences, as being my preferred Audio Editor.

This means that :

#1 - Right Click on Audio

#2 - Option to OPEN in Sound Forge appears I select

#3 - Sound forge opens and the AUDIO event from Vegas appears.

#4 - I can work on the Audio portion within SF

#5 - Go Save and when I return to Vegas the original Audio event has had a new "TAKE" added to the original.

Totally neat!

So, if you do have a sound/audio editor you can set this up within Preferences

Grazie