What PC based player represents the best overall value for a PC user
who wants to be able to store, manage, and transfer music CDs onto
their PC and burn mixes.  The player must support MP3 VBR, not hijack
extensions, including .WAV without permission, and be reasonably fast.
 It should not incur periodic or required upgrade costs, co-exist with
both MS Media plaer and Itunes.  It must be able to burn MP3 disks
playable in current Mercedes Benz and Aiwa car stereos -- if you can't
determine that its fine.  The PC storage formats and playlists should be
transferable to other types of PC players so that there is no player
vendor lockin.
Explain or annotate why the player is best and at least its next best
and why.  Initial costs are not critical.

Im not sure if you're asking how to burn an existing CDs to the PC and
convert them to mp3...
if you meant that, then there's a software called CD-EX ...
try it out

goodluck

Try the "BS-player". Very easy to install, need not much recources and
FREE!!! Easeley typing "BS-player" in google and soon you get it
regards from germany