The Teaser in Views Doesn't seem to work

I apologize if this was covered already, but after spending 3 hours of searching for anything that seemed similar I couldn't find anything. All i'm trying to do is create a view from views that displays the title, author, post date, and article Teaser. The Teaser just doesn't seem to work. I set it up to truncate after 700 characters of a much longer article and this is what happens.

"This Is sample US 1
Post date: Tue, 07/20/2010 - 14:58
Teaser:

This Is sample US 1This Is sample US 1.This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is sample US 1This Is...
This is US sample 2
Post date: Tue, 07/20/2010 - 14:59
Teaser:

This is US sample 2 ."

Even when I alter the length settings nothing changes. It's like it truncates the first and doesn't do anything to the second. While I could just use the display node body variable and truncate, I don't know how to make the more link that i presumed came with the Teaser. Also I should note I made the content type with CCK.

These are the settings i have for teaser inside of cck content template:

"

"

Thanks for responding and please respond if you need more information.