Layer order when export as ai v8

Hi,
V8
despite bring to front on black axe and the cross threads, when export as .ai then open the ai into pshop they vanish. Just see white shield and black outline.
whats the trick to getting artwork into pshop, ?

when exporting as .ai ?

( I used cmyk export and open as cmyk, as I recall RGB fails)

Using V8
Luftwaffe III JG3 emblem v1.3dm (2.2 MB)

Cheers
Steve