I had the same problem (running CEP v1.2 on W98). My solution was simply to create a separate .WAV file for each required track and use the Soundstream option of Easy CD Creator (v5.0). Call all the .WAV files into the Source section, then copy them to the destination section, get them into the required order and record. If you then look at the finished CD with Windows Explorer you should find each track listed with file type .CDA and size 1KB - which is what you see with a commercial CD.
I'm going to post a CEP query - you may know the answer. I want to upgrade my PC and am trying to find if CEP v 1.2 will run under Windows XP. I've contacted Adobe who took over CEP from Syntrillium but all they could suggest was upgrade my CEP at a cost of £139!