LP collection to CD ! How can I do it?

[geschaft]

I have a collection of LP and I would like to save them in CDs.
How could I do it?

1) Is this a good suggestion?
Creative Labs Sound Blaster Audigy 2 VALUE PCI Internal Sound Card - OEM - 7.1 Channels, Max Sampling Rate: 192kHz, 24-bit, 1024 Voices, Connectors: Line level out, Microphone in, Line in, Telephone Answering Device in, Aux In, Digital I/O. Model# SB0400.

2) What kind of free program should I use?

3) Which is the best mode: MP3, Monkey, Lame, MPC, WMA, Ogg ? Which one could give me the best sound quality ?

4) It is important to have enough memory and free space in my HD !?

5) Is there something more that I should take care before go ahead?

6) Which kind of midia I have to use?

Somebody could give me some instructions because I really don´t understand nothing about it and it is my first time !

Tks

 

[Mister X]

1. No!
2. Audacity, but it's noise reduction plug-in sucks.
3. Wave.
(There is no point in saving the files in any other format if you are gonna turn around and burn them to CD)
4. Very
5. Plan on spending a bunch of time with this endevor.
6. High quality CDR media like Fuji's are fine.

Do you have a decent Phono preamp?

Instruction:
Patch the outpuit from the phono pre into the line in on the sound card and launch the recording software.
<insert specific sound card setup information here>
Set the audio software to save the recorded data as wave files.
Start the recording software and then start the album.
Once recording has completed save the master files and then reload the saved files in the wave editor.
Cut, crop, equalize, apply noise reduction and then save the results as a new file......
Burn those files to CD and then audition the disk in your home audio system.