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Default Excel 2007 Compatibility Mode

I am working in a file, it is in Compatibility Mode. I want to "Convert" it
to a full Excel xlsx file. I have done SaveAs|Excel Workbook and it stays
in Compatibility Mode.
Help tells me to select Convert on the Office button menu. There is no
Convert command on that menu. I search the Excel Options screens and couldnt
find a setting turn it on. I may have missed it????
How do I activate Convert on the Office button menu or at the very least get
the file into a mode where all the new features are in place?
Thanks
Marsh
 
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