shrinking mp3 files

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General

I am posting this question here because I use my MP3 files a lot with my
movies (after converting them). The problem is I made the mistake of ripping
my music to MP3 format with a 192 kbs bit rate. Now I am running out of
storage. Does anybody know how to convert a 192 kbs file to a 128 kbs file?
I googled it and founs lots of "freeware" but I do not trust most of it. I
was hoping Windows Media Player or iTunes could do it. Any suggestions?
 
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