Thanks James. I tried winsock and winsock/http (multi protocol) but they dont work. Let me explain my application a bit.
Basically the application I want to record is nothing but a web based crystal report. The transaction performs a 'select' task and displays the results in IE browser (through crystal report). Now no matter what data I plug in while recording the script... the resulting scripts are exactly the same. Meaning, The data that I used while recording is not present in the LR script. And hence I am not able to parameterize the data that I used while recording the script.