[Blind-sysadmins] gw connect, virtual audio cable, and recording skype?

Hello, This is not really an admin question, but it does deal with audio devices on a system so I thought someone on the list might have some suggestions. My goal is to record a skype conversation. My current setup is a laptop with either an earbud in the earphone jack and an external microphone in the mic jack or a headset with both earphone and mic. This machine is running XP and I'm wondering if I can set up the GW Micro GW Connect 2.1 skype client with virtual audio cable to pull this off? If this won't work I'd appreciate any other suggestions. Thanks. Dave.