Well, I solved my problem, sparked by We-Ha's last post. In doing a lot of searching, here's were I found the key:
Control Panel - Sounds & Audio Devices Properties
Clicked on the Audio tab
Under Sound Recording, clicked on Volume
Up pops Recording Control, with 3 volume levels, one for CD Player, one for Line IN, and one for Mic. CD player was checked. I checked Line IN (which, BTW, deactivated CD), and there it was.....audio recording in Cool Edit. Afre adjusting the level some, it was perfect!
Thanks for all who suggested, and I hope this may help someone in the future.