I just bought the Cooking Light Mastercook, mainly because of what I'v read on the web. My main reason for buying it was to input my old recipes and get nutritional info to calculate the points. My question: I'm looking at the package and don't see that feature listed. Do all Mastercook programs do this? I don't want to open the package and then not be able to return it.

Yes all Mastercook programs have that feature.