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CoolEdit has (or had) an demo version. It has noise reduction function in it that works quite well.
What I usually do is cut out a snippet of the file that has nothing in it but noise, then loop paste it into a separate file, set the noise level (tell it what is noise), and then run the noise reduction function on the primary file. There's a slew of math that goes along with it, but basically the more you reduce the noise, the more of what you want to keep is reduced. It won't eliminate the noise, but will reduce the amplitude (volume) of it, thereby making it far less noticable. If you select too high of a reduction level, it'll cause your signal to be modified as well, so you'll want to listen to it after reducing the noise but before saving it to make certain no artifacts of your editing can be heard.
If you're putting them on CD as audio, why convert them to MP3? You're losing sound quality in the conversion. Even encoded well with a high bitrate, MP3s lose a lot of information as compared to the straight waves.
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