1. To render within a project, select the portion of your video that you want to render (A grey bar with start and end points will appear just above the Ruler in the time line).
2. Hold down the SHIFT key and Press M. Change your settings (The settings default to your project settings) or change them by clicking the CUSTOM button. When done click OK and hey presto, rendered video.
3.To render your project to disk, select FILE>RENDER or FILE>MAKE MOVIE and follow the prompts.
4.To get rid of the horrible grey background, select OPTIONS>PREFERENCES and click the DISPLAY tab. Uncheck the USE VEGAS COLOR SCHEME checkbox then click the OK button. Note though that you will have to restart the programme for this to take effect.
COMPAQ something or other with 500Gb Boot Disk, 1Tb external Firewire Disk, 4Gb Memory and a super duper sound card, 19" TFT Monitor etc etc etc
Sony TRV33e : Sony TRV310e : Canon XM2
Sony Vegas Studio editions to v11
Remember, there is always more to learn than there is to teach.