Hi Scott! It disappears altogether. I even made a render with just props - an OBJ, a PP2 and a 3DS, just to see what would happen. It looks like it's just this cape that does it. Other 3DS files don't seem to do this. The transparency is set at 0% on it, it's black, no texture applied. I'm gonna end up painting it in free-hand and I'm a bit dodgy at that! :o)