I checked this already. Here's the weird thing. Even though my settings are set to an external hard drive, When I render the timeline, I can see my macantosh hard drive filling up. But there is no folder showing there.
One thing that may be causing it is that my render files are on external drive A and I am rendering to external drive B. Could this be why?
I can't convert to an MPEG2 file until I figure this one out.
Please advise.