I think I see something.
In your selected MIDI track, there is a bank and patch selection showing(in the track inspector).
These are not available if the MIDI track output is set to Sound Center, but they are available if the output is going to the MS Wavetable Synth.
So the sound you are hearing is not really coming from Sound Center.
Sound Center is not receiving any input, and is not producing sound, so you get a bounced track with only silence.
Expand your MIDI track so you can see the output selection.
If the MIDI track is properly associated with the Sound Center audio track, you should see something like this:
You won't see the waveform in your synth audio track. The waveform preview is not available in LE.
This screen shot is from 8.3 Studio.
Also, the freeze button would appear in the blank space next to the Solo button in the Synth Rack if it were available.
It appears that LE does not have that option.