Converting a song being played on same PC

[trashid]

Is this possible to convert a song being played on MP3 player or RealPlayer into MP3 format. For example if we log on to a live radio, can we convert this sound into WAV or MP3? Thanks.

[totalXSive]

Probably, if your sound card supports it (most do). Use the Auxiliary Input utility with the source set to StereoMixer (or similar), then play the file.