I have a NAD 350 Amp curently set up with a NAD CD player and B&W speakers. Is it possible to connect my new Panasonic LCD 32LXD700 to my amp so the sound comes through my B&W speakers - if so how?
Absolutely you can! On the back of your Panasonic, you should find two RCA outputs, one red and one white, labelled Audio Out and should be the same as the ones you have your CD player hooked up with (as shown here at the top and in the middle):
Hook these up to free corresponding ports on your NAD amp, then set the input on the amp to match the input you plugged to the TV into and you're away!