Both sentences have the same meaning which is "I ate the bread this morning." The use of KO and AKO is dependent on the verb. For "um" type of verb (as in kUMain), "ako" is used as subject, with kINain, "ko" must be used. "Ako" is used when the focus is yourself, while "ko" if the focus is a verb or noun. Ako and ko, although they both refer to the speaker are not interchangable.
I hope it helps.