True, but I don't think that's the problem. I noticed just now that it seems to be a single audio track with audio snap enabled that is causing the slowdown. If I change the track edit filter from Clips to Audio Transients, the problem goes away. Also, if I save the project that way, it's fine when opened. I can also delete all other tracks and save, and still have the problem. So probably not memory. Thanks for the suggestion though. Cheers, Peter.