If I want to use my Discman on the Aux port of my empeg I have to use one of the grounding cables developed for the Mk1 so that I get a nice clean signal. This cable just grounds the outer shells of the RCA connectors - well actually it has an extra cable connected to the shells that you have to tie to ground somewhere. Try pulling your RCA connectors apart slightly and grounding the outer shells and see if that helps
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(list 6284, Mk1 S/N 00299 4GB blue [sold]. Mk2 S/N 080000094 20GB blue)