There was a bug with 4.0.2 version of Live (posted yesterday) : multiple outs of plug-ins will not be available after loading a song. Live 4.0.3 is now online. It should fix the problem with multiple in/outs of plug-ins are not available after loading a song. You do not need to uninstall a previous Live version to install Live 4.0.3. You can install the new version in parallel.

More info available on the ableton web site.

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