pghboemike..
Thanks for your response and suggestions. I had used ASIO with my XP and it worked fine but not with the Win 7. But I went and checked again after your response and saw that there was a newer version out and downloaded it. I checked out a video from FL Studio about troubleshooting ASIO for Win 7 and tried changing a sound setting and it worked "right off the bat" just like it had in XP. How grateful I am to you for again directing my attention to ASIO.

Would still like to know though if that USB Converter will work with my WIN7 so if anybody has tried it with WIN 7, would love to hear from you.