What is a good program to compress mp3's from 320kbps to 128kbps?

rtm862

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What's a good program to do this without losing the sound quality. I just bought a 512 mb mp3 player and it filled up fast with all my high bitrate files.
 
its impossible to do without losing quality especially if using a lossy format such as MP3, WmA or AAC.

If you want the smallest file size with the BEST sound go OGG VORBIS but you need a player for it. Cowon and Iaudio music player can play that format, and I would suggest the Media Monkey program its converts files very well
 
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