also, what do you mean by "transparency?" EPS does not support transparency, per se. What are you trying to achieve with this so-called "transparency?" What is the end purpose for the file? Yes, if you use the "interactive transparency" tool, drop shadows, etc., those items would have to be merged together into a bitmap for the effect to display/print properly when exported to EPS, that's just the nature of postscript. Illustrator and Freehand files would do the same thing. So that's why you need to give more info, i.e. what are you trying to do/what's the final outcome for, etc.