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This utility is great for sample cd's that use audio format only files. For example, after ripping one of the sample cd's audio tracks, you have one large wav file that contains several individual snare hits and you want to extract and create an individual wav file for each hit to import into your sampler, this tool does it automatically for you quickly and easily.
The tool is called "WavKnife". It's free, and is near the bottom of this page:-
http://www.soundtrackers.de/samplers.html