Reducing Hollow Sound...Richer Tones

I'm using Audacity 1.2.6 with Win XP to capture meeting discussions. These are discussion via the Internet and occasionally VoIP through my sound card.  The actual (live) voice sounds reasonably good, but the Audacity recording (*.mpg, or *.mwv) sounds hollow with some noise. I'm looking for advice as how to improve the quality of the recording. What setting can be adjusted to improve the sound quality.

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What do you mean by the mpg and "mwv" files? Audacity should save in audio format -- wav or mp3.
I'm not sure how you are recording through Audacity, but the correct way is to set up your windows audio mixer so that "stereo mix" is selected. Then you do a few sound checks, adjusting the microphone icon, which adjusts the sensitivity of the input. Are you doing these things?
Finally you export as either wav or mp3.

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fshaw818Author Commented:
My reference to "mwv" was a mental typo. Embarrassed to say I meant "wav." Sorry.  
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