Ty to diamondman1975 for the ventrilo help! Here's a quick fix guide as I understand it-

This is primarily a win-update issue. If You have a USB connected headset,but a soundcard,it just MAY fubar Your settings in Ventrilo.

Setup/test-no sound-make sure direct sound both in/out are set to headset. Mine is usb3.Use volume mixer for windows to ascertain which USB port you are on
test again-sound-good
no sound-re-do,then hit "OK"button at bottom SHOULD fix the issue. if not,seek a Officer or TR emblazoned person on forums!
hope that helped..if not,dont blame Me..I barely know where to put the key/gas in this thing...