So in order to record, I have to hold the transmitter end of the phone to the computer speaker and at the same time hold a microphone to the computer speaker?
That is one way. I personally use Skype (
www.skype.com ) to make the calls so that I don't have to mess with holding the phone up to the speaker. Basically Skype lets you call people using your computer, and it is free to call 1-800 numbers using it. To do the actual recording you should use a program called audacity which is also free. Good luck with making the calls!
Ummm, I don't have speakers on my computer, I have some real nice headphones, I don't suppose that would work?