on the fly

AudioConverter Studio

AudioConverter Studio is an Audio Converter and a CR-Ripper combined into one easy-to-use utility. It does CD to mp3 conversion on the fly, rips CD tracks to wav files and does mp3 to wav and wav to mp3 conversion. Plus, it comes with CDDB support, so you don't have to enter mp3 tag data manually and the program preserves mp3 tags when converting a higher quality file to the lower quality one. Available for FREE download right now!...
ManiacTools :: Audio Converter and CD Ripper in one On the fly conversion; mp3towav :: wavtomp3 :: AudioConverter Studio

WinDefender

WinDefender is a tool that you can use to secure your confidential data and protect your files and folders on computers running Windows 95/98/ME. It provides real-time protection and security service with strong encryption. Once you encrypt your private folders then can use them just all others, non-encrypted ones - files will be decrypting 'on the fly'! You can assign access right, make it read-only or hide, for example....
RTSECURITY :: confidentional :: service :: security :: encryption :: access :: hard drive :: on the fly :: on-the-fly :: transparent :: real-time :: realtime :: files :: folders :: password :: :: WinDefender