i tried to post on the lightwave forum about this. they said its something related to the colur space in lightwave. actally it didint work for me well. may be you should give it a try
follow this thred
http://forums.newtek.com/showthread.php?t=129471
anyhow i have 100 percent definit way out. USE Lightwave 10.1 for now. everything works properly in it
thanks for the reply
Yes i am using the 3d max LW option.
Do u know what this normalisation thing is.?
means the above option. and what this normalise by B and T