try this:
tra@geb:~$ pwd
/home/tra
tra@geb:~$ cd SLMODEMD_gcc4.4_alsa1.0.20
tra@geb:~/SLMODEMD_gcc4.4_alsa1.0.20$ sudo ./setup
[sudo] password for tra:
Installing slmodemd helper to /usr/sbin/slmodemd
Writing log to slmodemd_Inst.txt
There is already installed a slmodemd of version: 2.9.11
There is a file /usr/sbin/slmodemd
Moving /usr/sbin/slmodemd to /usr/sbin/slmodemd.2.9.11
Copying slmodemd to /usr/sbin/slmodemd, making exectuable, and checking for version 2.9.11
SmartLink Soft Modem: version 2.9.11 Feb 1 2010 19:59:11
Version verified: 2.9.11
Read the slmodemd_Inst.txt
There is already installed a slmodemd of version: 2.9.11
There is a file /usr/sbin/slmodemd
Moving /usr/sbin/slmodemd to /usr/sbin/slmodemd.2.9.11
Copying slmodemd to /usr/sbin/slmodemd, making exectuable, and checking for version 2.9.11
SmartLink Soft Modem: version 2.9.11 Feb 1 2010 19:59:11
Version verified: 2.9.11
Read the slmodemd_Inst.txt
tra@geb:~/SLMODEMD_gcc4.4_alsa1.0.20$
------------------
have a look
[Dialer Defaults]
Init1 = ATZ
Init2 = ATQ0 V1 E1 S0=0 &C1 &D2 +MS=34 (changed Init2 line +MS=34, per linmodem list support)
Username = *
Password = *
Phone = 9728520780
Phone1 = 9727590480
Phone2 = 9729939606
Phone3 = 9725354047
Phone4 = 9725354006
Modem Type = Analog Modem
Baud = 460800
Modem = /dev/ttySL0
ISDN = 0
Carrier check = no