A Quick Update--I'm not quite there yet.
Thanks to Guitarhacker, jford, and Video Track for your comments and helpful advice. Here's what I did: I downloaded and installed updated drivers for the interface, and RealBand saw the Fast Track ASIO. I selected it and I achieved monitoring during recording--a major goal of this exercise--but now nothing is being recorded. The track is empty when I finish. Everything in the settings seems ok. The audio settings on the lower right indicate the settings in Windows correctly (including the recording device). I feel like I'm getting close. Any thoughts?