How to set any mp3 as Alarm Sound in Android Mobiles?

Hi Android-ites!

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Create a folder "alarms" inside the SD memory card, and paste all the mp3s that you want to be able to set as Alarm tones.

And you are raring to go! Go.. Go.. Go...

And guess what? Similarly for tones to be used as Notifications and Ringtones, do follow the same process:

Notifications - Message tones and Notification tones
Ringtones - phone ringtones
Alarms - alarm mp3s

[Courtesy: mobisat at http://androidforums.com/htc-tattoo/56769-how-set-ringtones-message-tones-alarm-tones.html