NOTHING happens...

[djmastermind]

Then he's probably trying to use WinAmp3. It only works with WinAmp2.X

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Check out the Sticky post titled:
SHOUTcast: Important Info & Answers to FAQs. READ ME!

Scroll down a bit and look for the section titled:
How to Setup a Live Audio Stream -> How to set up an Internet Radio station
How to Setup a Live Audio Stream -> 15 Steps to setting up SHOUTcast

Additionally, check out these tutorials:

• HeatRadio's Basic Guide To Shoutcasting
• cyphon's setup tutorial

Please read some polite advice.