Del--It doesn't. The rsr icons in the library are unrendered, which means if you're using transparancies, you get the odd dotted effect. There is no "rendered" icon. I use the same technique as Phil (tip #2) with one exception. Since I use a Mac I have to use MacConverter to convert the files to PC versions, make the swaps and then reconvert them into Mac format. I usually give everything the same name and save into subcategory folders like "export" and "export rsr". Then I open the two directories and mix & match.