Quote Originally Posted by Midgardsormr View Post
I'm not sure what you've done, but your third layer isn't 50% gray. The thumbnail in the layers palette should show a solid gray box, not the transparency checkerboard. This is just a wild guess, but in your Edit > Fill dialogue, make sure that Blending is set to Normal, Opacity to 100%, and Preserve Transparency is unchecked.
Heh, what do you know? Turns out my opacity wasn't at 100%. Thanks very much. It's always something stupid like that >