Dear Rich839,
You are so helpful! Why is it that I can search for 30 minutes or more on the internet for the information and can't find it (even from Apple), and you have the answer at your fingertips? I sure appreciate you being there!
Now that I have accomplished that task, it leads to more questions! Having saved my project now to the "Library", and I now access the project, now saved as, in theory, a movie, when I access it through the "Library, it looks exactly the same as my "project", and you said that I can actually retrieve it and work with it further. Can you refer me to a reference that explains what is going on now, which appears to be soooo different from the way iMovie used to work. I guess I am a "need to know" person, rather than blindly doing. Please excuse my run on sentence there but I had to put all of my thoughts in sequence. I hope you can decipher it!