Yep, same thing happened to me when the new start screen was introduced. Did you update recently?
I had recorded about 15 projects before I realized what had happened. It was a pain to fix. Here's what I did.
1. Go to preferences, go to advanced, and uncheck "Show Start Screen on Launch." You probably don't really need t do this but I did it out of irrational anger, and it made me feel better.
2. Open every project that you have done since the "change" happened and use the Save As command. Make sure to check the box "Copy all audio with project." The per project audio folders is no longer listed under File - Audio Data in the preferences.
3. This should save all the audio to your project, but will also leave it in the global audio file too. So then you need to decide if you want to delete all that.
Took me a long time to sort out, and I was told that it was my error because apparently when I updated I was asked if I wanted to save my preferences. Here is the thread.
http://forum.cakewalk.com...-folders-m3314507.aspx Have fun, and i hope I helped.
Jesse