cda to mp3 burning on the fly

i have demo's from 400 bands as part of a huge music festival (check out htp://ww.springscream.com ) that i need to convert to mp3, compile and burn lickety-split ....

with xp, a fast processor and a fast cd-r and cd-rw what is the most efficient path from cda cd's to mp3 cd's?
 
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