MPEG2 Stream with Closed Caption PlayBack:

1. Under “DirectShow Filters” insert the following
a) File Source (Async.) "Chosse a MPEG clip you have recorder with Closed Caption in it".
b) Intervideo Audio Decoder.
c) Intervideo Video Decoder.
d) MPEG-2 Demultiplexter.
e) Line 21 Decoder 2.
f) Video Mixing Renderer 9.

or
a) File Source (Async.) "Chosse a MPEG clip you have recorder with Closed Caption in it".
b) Intervideo Audio Decoder.
c) Intervideo Video Decoder.
d) MPEG-2 Demultiplexter.
e) Line 21 Decoder.
f) Overlay Mixer.
g) Video Renderer.

Should look like this below.

VMR9

OverLay