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I have seen this problem in a number of development tools. I hope you find the solution you are looking for. Please try the additional transparency modes:
Set Object Transparency ObjectID, 1
Set Object Transparency ObjectID, 2
Set Object Transparency ObjectID, 3
Set Object Transparency ObjectID, 4
Set Object Transparency ObjectID, 5
Set Object Transparency ObjectID, 6
Please post up the texture image you are using so it can be analysed.