Register menu item problem

When I add a menu item with Register page, the menu item reads REGISTER no matter if the user is logged in or not. I would like it to say “Register / My profile” register if the user is not logged in and my profile if user is logged in so it looks more attractive to visitors.

Is there a way to do this?

Thanks in advance.

http://ww.wp.xz.cn/plugins/theme-my-login/