Larry,
I use Acoustica.
It will record and save as an mp3,wav,wma or real. Not a lot of bells and whistles, rather a simple program that does a lot. You can add to your recording as a voice or sound over, fade in/out, volume control, and speed control, plus more
Free to try and I believe $20 to own.
http://www.acoustica.com/mp3-audio-mixer/index.htm
SeeYa,
Larry Hawk