28X1 Pin 7 (Serial Out) Used as Normal Output?

Is it possible to use pin 7 of the Picaxe 28x1, which is normally used in the download circuit, alternately as a normal output that could in my case drive a single LED? If so, what would be the code for it?

No.Source: Picaxe manual 1


Source: Picaxe manual 1 Page 9