I apologize for not making myself more clear. A converter comes with PS CS5. When I choose to edit a raw file from within PM, PS opens with the raw editor. You can use the editor to do the conversion so clearly the utility to convert files is already there somewhere. I, however, cannot locate the program that does the conversion as I do not know what it is named and am seeking help for knowing the name of the program that does the conversion so I can set it in the preferences of PM.
I am using a Mac.
Sorry for not being more precise the first time. Any help would be appreciated.