Ableton Question

[Jeff Shirkey <jcshirke@frontier.com>]

I've got a loop in Live with two MIDI tracks, each of which is  
assigned a virtual instrument. I've got the Live set arranged to  
repeat the 8 bar phrase again and again in a (duh!) loop.

My question: Can I render this loop to audio (maybe make it run 10  
minutes or so) so that I can save it as a high quality mp3, and then  
load it into something like an iPod, so I don't have to bring my  
laptop with me to play this particular loop?

Yes, I'm sure I can RTFM to get my answer. I will happily do so to get  
the details about how to do it. I was just wondering *if it's  
possible*. :)

Thanks in advance.

Jeff