Hello Tlinetrader, the lame.exe file is related to mp3 encoding. Are you recording the audio in mp3 format? You may want to try using a different audio format or reinstall the mp3 component on your computer. You may follow this link to download the mp3 components http://www.nch.com.au/components/
You may want to download and install mp3el.exe, and mp3el2.exe from the link above.