AVI File is too big. Pls Help

[disposable_teens]

After ripping and converting the dvd files to avi, the AVI file comes out more than 1 GB. I have tried lowering the video bitstream and all the other options but still the file comes out way to big. I am using SmartRipper 2.25 and FlaskMpeg 0594. When it comes to converting the files, I select to convert using the Divx 5 codec, other options that are there are MPEG4 v1, MPEG4 v2 and several other ones that I have no idea what they are. The movie length is 1h52min.
Can someone please tell me how to reduce the avi size. I have alreay tried lowering the bit rate all the way down to 100 but that didnt help.

Thanks
Steve