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New
Clears all layers and the filter list. No warnings about unsaved filters.

Open...
Opens and renders a filter file. No warnings about unsaved filters.

Save As...
Saves the current filter list to a file.

Export... (Windows version) / Save Targa... (Dos version)
Saves a 24bpp targa file of the currently selected layer.

Exit
Exits Impact Texture Studio. No warnings about unsaved filters.