When I click on Create a password reset disk the wizard does not show up anywhere.

I found errors in Windows Log under security that correspong to the times I have tried to create the disk.
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My pc is a dual boot W7 Pro/W8.1 Pro laptop.
I made the necessary changes in User Account to not have to enter a password when the Welcome Screen shows up.
My userid on the pc is an administrator and is password protected.

Any help would be greatly appreciated.