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Sound delays (latency) with midi interfaces

Hello everyone,
i have a midi keyboard, the M audio keystation 49e. I'm using it with Cubase SX on a vista computer. the keystation is working, but there is a realy bad delay on the notesreaching the computer, making it nearly impossible to record along with music on the keystation. does anyone know how i can deal with this latency problem? help would be much apprecitated,