Sorry....yeah same one....half asleep.
Like Al said,check your midi settings on axe edit.
What's up Pete? Good to see you over here.
The midisport should work just about damn near perfect. I do know that I had a problem with one of the m-audio driver versions a while back. I had an old one laying around here somewhere (I had the old yellow box). If you're interested shoot me a PM with your email and I'll see if I can find the disc and send you the file. It's pretty small.
Other than that I would check the cables (which I'm sure you've already done).