David,

From the Vegas Video Beta build 273 readme.doc:

MPEG Support
MPEG has been dropped for Vegas Video. MPEG support is being
considered for future versions of Vegas Video

Vegas Video Beta build 273 has just been posted to our Downloads page.
Comments, suggestions and bug reports can be sent to
vegasbeta@sonicfoundry.com

Tom Hamer

David Abraham Fenton wrote:
>>does will/Vegas Video encode MPEG1/MPEG2?
>>
>>-david