Audacity 2.0.1 Final + Portable | 20 Mb + 8 MB

Audacity is a free, easy-to-use audio editor and recorder for Windows, Mac OS X, GNU/Linux, and other operating systems. Use it to edit your sounds using Cut, Copy and Paste (with unlimited Undo), mix tracks together, or apply effects to your recordings.
Audacity also has a built-in amplitude envelope editor, a customizable spectrogram mode and a frequency analysis window for audio analysis applications. Built-in effects include Bass Boost, Wahwah, and Noise Removal, and it also supports VST plug-in effects.

Audacity is an audio tool that allows you to record and play sounds, import or export WAV, AIFF or MP3 files.

Audacity supports all common editing operations, plus it will mix tracks and let you apply plug-in effects to any part of a sound. It also has a built-in amplitude envelope editor, a customizable spectrogram mode and a frequency analysis window for audio analysis applications.

Feaytures
This is a list of features in Audacity, the free audio editor. For more information on how to use these features, go to the help pages.

Recording
Audacity can record live audio through a microphone or mixer, or digitize recordings from cassette tapes, vinyl records, or minidiscs. With some sound cards, it can also capture streaming audio.

* Record from microphone, line input, or other sources.
* Dub over existing tracks to create multi-track recordings.
* Record up to 16 channels at once (requires multi-channel hardware).
* Level meters can monitor volume levels before, during, and after recording.

Import and Export
Import sound files, edit them, and combine them with other files or new recordings. Export your recordings in several common file formats.
* Import and export WAV, AIFF, AU, and Ogg Vorbis files.
* Import MPEG audio (including MP2 and MP3 files) with libmad.
* Export MP3s with the optional LAME encoder library.
* Create WAV or AIFF files suitable for burning to CD.
* Import and export all file formats supported by libsndfile.
* Open raw (headerless) audio files using the “Import Raw” command.
* Note: Audacity does not currently support WMA, AAC, or most other proprietary or restricted file formats.

Editing
* Easy editing with Cut, Copy, Paste, and Delete.
* Use unlimited Undo (and Redo) to go back any number of steps.
* Very fast editing of large files.
* Edit and mix an unlimited number of tracks.
* Use the Drawing tool to alter individual sample points.
* Fade the volume up or down smoothly with the Envelope tool.

Effects
* Change the pitch without altering the tempo, or vice-versa.
* Remove static, hiss, hum, or other constant background noises.
* Alter frequencies with Equalization, FFT Filter, and Bass Boost effects.
* Adjust volumes with Compressor, Amplify, and Normalize effects.
* Other built-in effects include:
o Echo
o Phaser
o Wahwah
o Reverse