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The sound card already in your PC probably lets you record audio streams. You just have to adjust your record settings.
Double-click the speaker icon in your taskbar.
Click Options and choose Properties.
Select Recording and check mark all the options listed.
Click OK to bring up the Record Control interface.
Select Wave Balance.
Now use the Sound Recorder built into Windows (it's one of your entertainment options in Accessories) to record streams playing in Winamp, RealOne Player, or Windows Media Player. The only catch: You have to click the record and stop buttons for each part of the stream you want to record. Remember to save each track before you start recording again