Just noticed this:
BEWARE, don’t choose erase unless you don’t need the files, choose the‘remove from pool’ option. Erase option will send your files to digital heaven. Then choose Save as Template option from the file menu.
I’ve started a thread in the Features and Suggestions list to get this fixed called “Save Template without Media”. If you guys could +1 that thread it would help get this very flawed template problem fixed
thanks
Martin