Thanks, I worked it out in the meantime (with a little help). The trick is, to select ''add new track'' rather than ''insert virtual instrument on new track'' i.e. an audio track rather than MIDI. Then, right-click on the record button and select "input monitor level" to get the output thru the monitors. PF2 can then be recorded as audio instead of MIDI. Presumably, this is because PF2 is VST as opposed to VSTi ?