there is
there is software that does this, in soundforge there is a plug in you can get for this purpose, if i remember rightly it is called pop and crackle remover and there is a noise and hiss remover. these work well and there is also a good noise reduction that will capture the type of noise the vinyl gives off (by recording in a silent bit of the groove) and then will remove this from the rest of the wav file, it works very well, u just have to be careful not to overuse or it starts to sound a bit like a vocoder but used carefully it has excellent results .other programs that do this i think are called audio laundry and dac but forge is the best
it might be an easier and simpler option tho to find mp3s of the tracks and burn them, try audiogalaxy.com its the new napster!
let me know if u have probs finding the plug in
good luck
ali