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This page comparing various lossless audio compression algorithms and programs hasn’t changed much since January 2003. Windows Media Player 9 supports lossless audio compression. I also understand that Apple’s Itunes software has a lossless algorithm. Francois Charlton wrote to me with some thoughtful theoretical material which I reproduce here:  fc-lossless. If you want the test samples . I apologise for the test files not being available for some time.