I don't know what type of computer you have, but there are lots of converters that can work from CDs to mp3s. Go to any software download site (like the one attached to this website) and do a search.
Anyone have any idea how to create ringtones from your own personal mp3 collection for use on the motorola v360? I've read in other posts that if you change the file extention to .3pg it will work. No luck for me though. Any help is appreciated.