record only part of a mpeg

i am looking to record only part of a mpeg.

what are some good software to do this? price is the most important factor for me but please also list premium product for future reference.

thank you very much.
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Wavepad is what you need. its free also.

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Are you referring to audio or video files?

Virtualdub is a great tool for video files:
it would allow you to select just a part of a clip, and save it as a separate file.
Hey guys,I was mistaken. I thought the post said MP3, gotta get those glasses. 8^(
but if anyone wants to work with mp3's wavepad is the way to go.
But now that I am sitting at my 19" lcd with the extra big fonts installed, I can now read the post properly.Here is a list with freeware and trialware that fits the bill

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finnstoneAuthor Commented:
i really like super mp3 recorder actually i just found it!
finnstoneAuthor Commented:
wow virtual dub is cool!
for a great open source audio tool you can also give a look at:
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