How can I get rid of I.T. Band pain caused by cycling? I have struggled for a while with Illiotibial Band pain or Illiotibial Band Friction Syndrome when cycling and running, here are some of the things that I have done to get rid of the pain:

When it is inflammed:


Cataflam (a non-steroidal anti-inflammatory - NSAID)
Ice
Transact patches (topical anti-inflammatory)
Rest


Prevention:


Hamstring strectches
Massage (cross friction on ITB)
Strengthening of gluteus medius
Stretching of gluteus medius and TFL (Tensor Fascia Latae)
Foam roller
Bike setup correction (moving saddle forward worked for me)


There are some good resources on the Internet, here are some I have read:

Cycling Problems - ITB Pain And Tightness, by Karen Doyle

ITBS Help Site

What have you done to get rid of ITBS?
Not sure if my direct pain was related to ITBS - but this cut out a lot of pain I was having: Custom Pedal Extenders.  I am large person and this reduced a lot of pain I was getting in my inner thighs and hip.