You can use your LW downloads as ringtones

Have a look at your phone's manual for instructions about how to transfer files from your computer to your phone

I can connect my phone to the comp via USB cable & then transfer mp3s to use as ringtones. For this to work, I have to move songs from my saved folder - NOT from LW's library.

Go to LW's library, click on Saved Files. Highlight a file & then click Explore...your saved folder will open. This folder is where you have to look for the music files - depending on your phone, you might have to add the files to a player before they'll transfer to your phone (I have to add mine to WMP before I can transfer them).
Also check out these links, they might help.
http://www.gnutellaforums.com/open-d...ringtones.html
upload of ringtone not allowed
pleeese help downloads to phone\

Otherwise, use Google to look for specific instructions for your phone.