Ok, Terry, the work-around.

Record the track listening to the effect, but without IM RECORDING selected. You now have a dry track and two options -

1) Highlight the section of track you want the effect on - I find it easiest to do this from the BARS window, but you can use the TRACKS window as well. Now go to the EDIT menu and select AUDIO EFFECTS and then DIRECT X AUDIO PLUGINS.
Load in the effect you wanted with the settings you had when you recorded. You can adjust these settings in real time by hitting the PREVIEW button. When you've got it sounding right, hit PROCESS.

or

2) Click the INSERT button on the dry track and load the Guitar Rig as a plugin. Adjust the effect as needed. This method is non-destructive, but uses more processor overhead.

Hope this helps.

ROG.