Cutting Clips

[Cbuck]

Hi. Purchased program yesterday. My first item of use - attempting to 'cut away' a few seconds from beginning and several seconds from end of clip. I set it up properly using the flags, in and out. The manual states that you can "cut" away portions by using the "Save as new Clip" button to the right of "In/Out" flags (Icon of video file with star in top right corner). There is no such button to the right or anywhere else that I can find.

 

I'm using V2.41 and complete 'newbie' and in this same vein, is it the 'In & Out' portion that is being Saved or the parts to the left of IN and the parts to the right of OUT? Thanks!