What is the equivalent alpha code to setRGB

What is the equivalent alpha code to setRGB?
thanx for any help.

Ps Im trying to change this code so it contorls the alpha of a movie clip instance name circle
the code is bellow:

onClipEvent(enterFrame){
	_parent.alpha = (_parent.RedSlider.RedControlBar._y+122).toString(16);
	if (length(_parent.alpha) == 1)
		_parent.alpha = "0" + _parent.alpha;
	//_parent.greenRGB = (_parent.GreenSlider.GreenControlBar._y+122).toString(16);
	//if (length(_parent.greenRGB) == 1)
		//_parent.greenRGB = "0" + _parent.greenRGB;
	//_parent.blueRGB = (_parent.BlueSlider.BlueControlBar._y+122).toString(16);
		//if (length(_parent.blueRGB) == 1)
		//_parent.blueRGB = "0" + _parent.blueRGB;
	finalColor =  "0x" + _parent.alpha; //+ _parent.greenRGB + _parent.blueRGB;
	_parent.circleColor.setRGB(finalColor);
	_parent.circleColor.setRGB(finalColor);
}