Didn't think I would get lucky on this one, but have it figured out. You can download Audacity, and set it up like this:
Driver: WinASPI
Recording: Speakers (Avid Eleven Rack)
Playback: Speakers (DFX)
For some reason, this is what works. So here you have the solution if you want to try this out.
Here's the links for the two programs:
http://audacityteam.org/http://www.fxsound.com/dfx/download.php