Methods for transfer of albums to CD

A friend of mine has a very large collection of mint albums, including a beatles import box set, and a franklin mint jazz anthology which includes some fantastic music. I own a computer with a HP cd burner, Roxio Easy CD creator 5 software, but no decent sound card. I was wondering if any of you have had any success at creating good sounding CD's from vinyl, and what equipment I might need. I am sure I need a sound card for the computer with an analog and/or digital input, and one of the add on phono pre-amps, which I would likely use later to add analog to my system. Any suggestions and or experiences, both good and bad, will be appreciated. My current system:

Cary 808 amp, SLP 2002 pre-amp, Theta pro gen and Data, B&W 802 Matrix II, and a Windows 95 based PC with CD burner.

Mike