Strange! The first three entries on the "Make eBooks" menu should be:
Sony Reader
Iliad
Sony Librie
It sounds as if you're still running version 4. If you look in the "Book Designer Update" thread a few below this one, on the last page you'll find a download link to the most recent March 17th update. All you have to do is download that, unzip it into a folder, and then copy the contents of that folder into the:
C:\Program Files\Book Designer 4.0
folder, saying "Yes" whenever Windows asks you if it should overwrite existing files. That will update BD to the latest v5.
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