Recording from "Built in" to MP3 in OSX

fraidso

Registered
hey guys- anyone know if you can record (preferably direct to MP3) from "built in" in OS X- ie anything the soundcard is playing. You used to be able to choose "built in" in OS 9 as a recording source and programmes like Sound Jam could encode MP3s as it recorded. I can't seem to find anything like this for OS X. Any ideas much appreciated!!!
 
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