ABC CANCELS `PORT CHARLES'.(LIFE & LEISURE)

Byline: Associated Press

NEW YORK -- Low ratings have taken a bite out of "Port Charles," forcing ABC to cancel the daytime drama.

The series, a spinoff from ``General Hospital,'' debuted in 1997, making it still a newcomer in the slow-moving soap opera world. It was nominated for a Daytime Emmy award for best series this year with a well-received vampire story line, but didn't win.

As a 30-minute show in a genre …