Hi Scott.

There are many, many programs that can record- and make MP3's.
I use the great Sonic Foundry SOUNDFORGE because it is soo easy to 'master' your music.
Some features :
Fade INs and outs, mute, cut, normalize, noise-removal AND save as MP3 !!.

Just record your music on your harddisk, make it 100% professional quality and save as MP3..... SOUNDFORGE

Another one is CoolEdit2000 .... great too !

Roel