Mornin' I have an mp3 cd that is at 256 kbps, how do I rip this or rerecord to a lower level of mp3 such as 64 kbps. thankks for any help or suggestions
The Redcoat

For the biggest variety of options, use Audacity, and use the LAME plugin for it.

-Audacity Website-
-LAME Plugin-

Technically you are not "ripping" but re-encoding the MP3. You will be re-encoding a lossy file in a further lossy format The resultant file will not be as good a quality as encoding to the lower rate from the original source.

However I have done the same thing. I keep my 128-192 kbps HIFI files on my PC and have re-encoded the songs to 64 kbps to use on my portable MP3 player and use it at my desktop at work and on my motorcycle where the quality is not an issue. I can get a lot more 64kbps files on it rather than few higher res files. While Audacity works I am not sure it can handle multiple files or folders, which means re-encoding one file at a time. I found Media Monkey does entire folders. I specified a different folder as output and it created a copy of the hi-res files in the secondary folder. The free version does everything I need it to.

http://www.mediamonkey.com/

Yes, Audacity doesn't support batch processing, and you'd have to do run each song through manually. The LAME plugin is what actually allows Audacity, and many other apps to process MP3.

If you're looking for something really simple, and don't feel like having the options of Audacity, try LameDropXpd: LameDrop

It's really small (380kb), doesn't need installed (creates an ".ini"), and has simple drag and drop processing. Just double-click to run it, and then right click on the window to choose your options.