According to your first post this was a new CD drive.
However, if it is working with Hoster 3.316 which is using mmc interface for connecting to the drive, then Microstudio 4.001 should also work as it uses the same interface. Microstudio 3.004 used a hardware specific interface meaning if the drive does not have driver information included in Microstudio's library file then it usually won't work.