Strange, I can set every bitrate I need.
Just one if you are exporting as CBR, minimum, target, maximum if you're exporting as VBR 1 or 2 pass.
I've got these options either I'm doing a DVD or Blue-Ray disc.
Thanks for the reply. Are you editing on PC or Mac? I seem to recall reading somewhere that this functionality is only available for those editing on a Mac. Anyway, I always encode as VBR...although I don't recall seeing any option on this either.
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When you export (File\Export\Multimedia Files) a window appear, and you click on Video (just under your encoding spec.).
A wider window appears and if you scroll down a bit you'll see your bitrate settings, of course you can modify them.
I'll take a look at that once my computer is back (it went out for "maintenance" yesterday...it has some serious performance issues).