where do deleted files go when deleting them from itunes?

I am running itunes 7.0.1. When I delete a song or tv show, it asks if I want to send it to the recycle bin or keep the file. If I choose 'keep the file', where in itunes does it go. I can't see it. It is not in my recycle bin and it does not appear in any of the folders. Is there some type of 'trash can' in itunes?
dsi8dsiAsked:
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mkruisselbrinkConnect With a Mentor Commented:
The items will probable remain in some folder in "~/Music/iTunes/iTunes Music/"
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