Hi,
currently not, the alpha will effect also all children elements, because they are parts of the main object,
this is the default behavior of flash when a element will be sub-ordered a other one,
I'm not sure if it will be possible to change that...
a way to get a transparent parent element would be to set that alpha already in the (.png) image,
but then it's static and not changeable of course...
best regards,
Klaus