itunes convert to MP3

Wed, 16 Mar 2005 13:48:43 +0800

itunes version 3.0, which came with 10.2 installer has in the advanced menu>convert selection to MP3 

itunes version 4.7.1  has instead convert selection to AAC

does that mean that the latest version of itune no longer can convert to MP3

I want to put some of my music onto my MP3 playing motorola phone.
I have already converted 1 song to MP3 by Audion, and transferred to the phone as test 
woks okay

just wondering about itunes though.
chow