Can I save a snapshot of the timeline to my hard drive?

[jonnyD]

If I take a snapshot of the timeline, there is a .jpeg file which shows up in the the media project window next to my other video and .jpeg files (which I know is not the actual source video or .jpeg files but some sort of shortcut to the actual source video and .jpeg files in my project folder). I'm guessing the .jpeg which shows up in the media project window is some sort of shortcut (for lack of a better term) to a specific frame on the source video. Is there a way to save this .jpeg to my hard drive so I can use it in other programs besides MS?

[vkmast]

Press Save Snapshot to File button (the diskette icon), give a name to the file and Save.

[jonnyD]

I found the . jpeg. The problem was I didn't see where the render folder was