Attached Link: http://www.castironflamingo.com/tutorial/index.html

I don't have Poser 5 so I don't know how P5 sets transparency, or if it's any more Carrara-friendly than P4 was. But this question has been asked so many times here that I keep hoping somebody will write a tutorial on it that we can post in the Carrara back room, one that doesn't involve Grouper (no Mac OS version). See attached link for Grouper tutorial, and also see the following forum messages:

http://www.renderosity.com/messages.ez?Form.ShowMessage=1206677
http://www.renderosity.com/messages.ez?Form.ShowMessage=1198827
http://www.renderosity.com/messages.ez?Form.ShowMessage=546882