Here's the deal,

I've created some text within Photoshop that has some gradients and a few other effects on it.

I plan on later animating this is After Effects and therefore with to have infinite scalability. so, I also want to convert this to an illustrator file before going to AE.

I open up my PSD doc in Illustrator and all looks well.

I save it out as an .EPS doc.

It then informs me that:

"when spot colors are used with transparency, changing them to process colors outside of illustrator can generate unexpected results."

I have no idea what this means, and so I hit Continue.

When I import it into AE it scales fine like an Illustrator file, yet it has a white BG; not transparent.

Soooooooooooooo, does anyone know where in my work flow, I'm goofing up?

I've tried saving it as an EPS straight from photoshop as well.

Why, you may ask, do I not create this text within Illustrator? I do not have the technical savvy to pull this particular gold plated text in IL.

Any takers?