Flash Player 6.
my_btn._alpha
Property; the alpha transparency (value) of the button specified by my_btn. Valid values are 0 (fully transparent) to 100 (fully opaque). Objects in a button with _alpha set to 0 are active, even though they are invisible.
The following sets the _alpha property of a button named star_btn to 30%.
on(release) {
star_btn._alpha = 30;
}