Suggestions for why this XSLT isn't working?

I'm a relative beginner when it comes to XSLT but I thought this would be a fairly straightforward example. I'm just trying to render the items from an RSS feed as a simple unordered list
    . It doesn't, however, return any results and I can't work out why.

    here's the xslt code

    <?xml version="1.0" encoding="ISO-8859-1"?>
    <!-- Edited by XMLSpy
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