Bought the game three days ago, spent hours downloading mods and their multiple dependencies, it appears the "ISI Formula Masters" official serie won't work with currently provided other mods. Screenshot of mod manager app with hilighted ISI Formula Masters : http://tinypic.com/view.php?pic=2u6ff38&s=5
Most of the tracks are updated and released as components. The actual version number of the new components is 1.4x. All the other mods are still not released/updated as components. In your case you need three old tracks. I would wait until ISI releases the FISI component. There are only 3 components left to be released now. The FISI, the F2 2012 and the Skip Barber. I gues it won't take long until we get them too.