Converting audio from a mpeg file to a mp3 file?

[hrace]

Hello:
I need to do something but have no idea how to do it.
I have captured an old sporting event in mpeg file on my computer. I have two copies of this sporting event. One has good audio and bad picture quality. The other has a great picture but bad audio. I would like to take the file with good audio and convert it to the good picture copy. I know how I am going to do this part but I need to know how to convert the file with the good audio to an mp3 file. This way I can insert that file into my audio timeline and match it up.

Basically, How can I take audio from a mpeg file and convert it to a mp3 file? Lets say I would like to take that audio and put it on a cd. Maybe that's a better expample for what Im looking for?

Thanks for any help!!

Randy

[Soopafresh]

http://www.aoamedia.com/audioextractor.htm

[hrace]

Exactley what I was looking for! Thanks!