I have an MP3 file but would like to create a new one. Please help!

I would like to take a current MP3 that I have on file and create a new MP3 using only the first 20 seconds of the original. How do I do this?
(I have iTunes and another program called something like iGarageBand)
Thanks!

How do I open it in GarageBand
Create a new basic track, then drag the MP3 into the
track. Use command-T to split the track where you
want.
and how do you convert
it back to an MP3 in iTunes?
Use "Export to iTunes" in GarageBand. The file in
iTunes will be an AIFF; use "Convert Selection to
MP3" in the Advanced menu to convert it to an MP3.
Your posts have been so helpful, thank you!
I thought that it would have been more straightforward in how to delete the rest of the track... I guess I need a little pointer in that area too.
So far, I've imported the track and split it at where I'd like. After that, I have no idea on how to delete the rest of the track. So... how do I do that?
THANK YOU!!!

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