No Transparency inside Movieclips

Hey, I don’t know if I’m doing something wrong here…

With CS3, when I entered a movieclip, I could see the other movieclips/stage in the background. But now when I enter a movieclip with CS4, I get the stage color as the background. If I try to test that “scene”, the objects are in the top left corner.

Can anyone help me out with this? It makes positioning from within a movieclip very very difficult.

Thanks.