iTunes version might help here.
I don't see anywhere in iTunes 10 that will allow the creation of a ringtone.
I know it used to be in iTunes though
i have a problem with i tunes, i'm trying to make a ringtone for my iphone from an existing file in my library.
to do that i need to press "create an acc version" from the "advanced" tab amongst other procedures but the problem is that the aforementioned option is grey, meaning it can not be pressed, i have a similar problem where a simple thing as copy/paste can't be done on the computer because that to is grey and their fore i just cant press it, very weird, if anyone can help i'll be grateful.