Go ZD Soft Game Recorder.
It allows u to record uncompressed or chose from 9 types of compression.
It also has a built in fraps meter.
PM ME if u want it, as it is not free - except if u know where to look
I tried WeGame, program is very buggy

The recording is good though
Fraps is just shitty, 1 minute = 1 gb or more.
And only 30 seconds recording time with the free one.
And compression tool:
VirtualDub - It's FREE and a really, really, good program
If u don't know how to use it, look for movies on youtube. Many great guides there