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Photoshop CS2 alpha channel in FCP5
I have scanned multiple pictures and edited in Photoshop CS2 to remove unused areas. The erased areas show up as a transparency in Photoshop CS2 (checkered boxes). However when I open the PSD file into FCP5 the alpha channel shows as white. When I change the alpha channel settings in FCP5, nothing changings. It appears that FCP5 is not recongnizing the alpha channel from Photoshop CS2.
I am a recent convert to FCP5 from Premiere Pro 1.5. This has been a frustrating transition when it comes to this. Obviously I am missing something.