Red model problem

I am using 3ds R4. I have Photoshop 7 and 8

All of my models I make now keep turning entirely red(into the player color). Before, I was able to, but now everything turns red. I don't think it is my alpha channel problem since i tried many different skins and made sure that the alphas were correct. I don't know why, but can anyone tell me what I could have done wrong? It is probably the way I applied the material, but I followed the steps exactly. Did I accidentally checked something that could mess up everything? I dont think it is the UV wrap things, I made 2 successful models before, but when I try to repeat them, they won't work.

This comes of the fact that the whole skin of the model is using replaceable textures.
Go into the mdl and remove the line ReplaceableTexture ID 1 or something form under the textures path and it should be alright.