I was contacted by PG Support, they just ran me through all the obvious fixes. Outside of that they can't offer any assistance.

Larry I did follow your instructions carefully, it was unsuccessful.

And finally to add insult to injury when I opened Realband and tried to connect (once again the keyboard shows up in midi input drivers & is highlighted) I receive the message "Undefined External Error"

An internet search shows that "Undefined External Error" is an error not uncommon to users of other software (Fruity loops for example)
For the hell of it I tried the registry fix provided for this by M-Audio. Didn't work.
I guess I'll have to live without BIAB + a keyboard. Thanks for all your help guys. Excellent support forum.