Normaly, the com port1 is on your PC.
Physicaly, it relate to a serial port on the back of the PC. It's a 9 pins connector. The pins are on 2 rows, one of 5 and one of 4.
Most PCs should have 2 of those. One is com port1 and the other is com port2.
If it don't work with one, try the other.
Make sure that it's not set to "Disabled"
Electro, October 2013