Device for two-way video capture

Please forgive me for putting identical messages on a number of newsgroups,
all dealing with video editing. If there is one group that covers the whole
field, rather than being specifically aimed at one brand of hardware, would
somebody please tell me.

I have no experience in digital video editing, although I am reasonably
computer literate. I would like to find a device that will allow me to both:

(1) Transfer digital video in NTSC format from my Windows XP laptop
computer, which has an external SVGA port and a USB 1.1 port to a TV or VHS
VCR. I want to use that to (A) view jpg files on a TV screen, and (B) supply
titles to my VHS home recordings.

(2) Transfer NTSC video to my laptop in order to make video CDs or DVDs from
my VHS tapes.

I spent an hour in Fry's yesterday looking for a device that would do both,
but came up empty handed.

Musawwir Spiegel