As a day doesn't go buy without someone needing help with their FD, I put this in my files. I only had to post it on one thread yesterday! Anyone care to wager how many times it will be today?
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Take the cable off the FD. Now install it from scratch as per Park Tool Repair:
http://www.parktool.com/repair/readhowto.asp?id=75
And BicycleTutor:
http://bicycletutor.com/adjust-front-derailer/
When you have it properly trimmed and are ready for the cable - a new one wouldn't hurt - you want to pull the cable taut - not too tight, taut. Then apply 48 to 60 inch-pounds to the pinch-bolt. Then put it through it's paces.
It's always easier and faster to install a FD from square-one, than it is to make adjustments with it already attached. This tends to fix one thing - while throwing another out of kilter. Start fresh. You'll get it.