I was wrong...Translator does not support Akai to Emu conversion yet...This is what they say on their website
"Akai/Pulsar/MESA to Emu E4/EOS Translation...
This translation is performed to an acceptable level with the destination instrument itself; this translation has not been programmed yet, but will be at a later date.
Velocity settings are not translated in the built-in EOS translation; we will try and improve this.
The Emu can support a Stereo Sample structure"
It sounds like they are working on it, but in the mean time you will have to use the EMU to do the conversion unless there is other software available that can do the job.
It's strange that the people at Chicken Systems didn't seem to make this conversion a priority. The EMU and Akai samplers are probably the most popular samplers in the world.