To do so, you will first need to connect the VHS player to your computer. This can be done using a composite video cable or an S-Video cable and an audio cable (RCA or 3.5mm jack). Once the VHS player is connected, you will need to open a video capture software on your computer. This software will allow you to record the video and audio from the VHS player to your computer.
Once the video and audio have been recorded to your computer, you can use audio-editing software to extract the audio from the video file and save it as a separate audio file. You can then use CD-burning software to burn the audio file to a CD.