Converting itunes to MP3?

[shedracer]

I'm trying to do this with my iMac, with current iTunes version 9.2.1 (4), but there is no option to convert to MP3, only "creat AAC version". Also tried iTunesexport with no luck.

Sorted, changed preferences.

 

[Bryn]

Sorted, changed preferences.

Took me a while to bottom it as well