Thanks from me, too. I was just asking how to do this at the club last night & here you is!

UJ: The Audacity download area offers:
Optional Downloads
LAME MP3 encoder - Allows Audacity to export MP3 files.

That should do yer.

I have Yamp. It gives about 75 free uses then explodes or you buy it. Fair enough it rips, records, dices, splices and translates mps to wav &/or back.