The conduit is included in iSync 2.0, and thus, it is not necessary to download separately.
I was able to fix the problem by deleting all references to Palm on my Mac (thank you Spotlight), reinstall from the original Palm installation CD, download the new Palm software from Palm One, and apply the upgrade. iSyc now works.
The problem I incurred was a result of not installing the original Palm software prior to administering the upgrade.
Problem solved. Thanks for the input.