How do i Compress a music file?

[pbnationfreak]

Ok i need some help please. Im Trying to make my own music codes to put on my myspace thing. I have the music that i want to put on downloaded from limewire and I can open the file from either winamp or windows media player. I hear you have to compress it down to 64 kps and it is at 128 kps right now. From where would i go to compress it to 64 and how do i encode it? Please help, Thank you.

[jscheuer1]

This is a very complete mp3 tool and it is free:

http://www.dbpoweramp.com/dmc.htm