Try putting your mic sound to max on that slider: 98 mic and 2 system. My mic records fine only when I max it out. It also might help to turn only your system sounds down in Windows and leave the mic maxed in Windows. Those settings should favor your mic and allow you to hear it unless there are oth...

What are your audio balance settings? Also if you are exporting from Action! and recording your Mic separate then it may be that you are only exporting the system sounds and not your mic. It gives you the option to export either Audio 1 or 2. 1 is the system sounds and 2 is the mic. I wish they gave...