Things You'll Need
Instructions
Download the 500.PBP PSP file onto your computer and save it to your desktop. Download and install Rain&'s MMS Maker onto your computer (see the Resources section below for links to both downloads).
Connect the PSP to your computer with a USB cord. Select "USB Connection" from the PSP main menu. Your computer can now access your PSP memory stick.
Open Rain&'s MMS Maker and click "Make MMS" from the main menu. Wait as your PSP memory stick is converted to a Magic Memory Stick.
Press the "O" button on the PSP to safely disconnect it from your computer.