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well I was recently cleaning my attach and came across my fathers old school records. He had many names that I listen to such as CCR, Beatles, Moody Blues, and the Doors. I also have a friend that wants to burn them to a CD so he can listen to them without wrecking his rare records so I stopped in at Radioshack and ask them what I needed to do this project. they handed me a kit that cost $70. so I said screw that, I then asked if there were any alternatives to do the project he talked for a few minutes about different free wares (I love free wares) and showed me a cord that cost a few bucks so I bought the cord and rushed on home to check it out. now if I captured you attention please read on>>>
Step 1Materials
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If you want to do this tutorial run to your nearest Radioshack (they better be happy that this website is sponsored by them, or I would be asking for money!!! :) ) but you need to get a cord that looks like the one in the picture. Also check to see if your computer supports a microphone In. Most newer computer will have them. the microphone is usually near where you would plug in speakers or head phones in the BACK of the computer (its pink). now plug the cord's jack into the microphone jack. then plug your record player's male connection to the female of the the cord that is currently plugged in to the computer. also while this project is going on, you might want to download a program called : SmartRecorder. hope the download below works.
Here is more than you want to know about this issue.
http://en.wikipedia.org/wiki/RIAA_equalization
I have about a 1000 records and there is a lot out there that never made it to cd. So good luck on your projects.