After Effects Opacity behaving differently from Photoshop? I have some white text that fades out on a red background (rgb (255,0,0)) in After Effects.

For some reason, in After Effects, the effect of the text fading out is a dark, almost 'black', animating with Opacity:



Whereas in Photoshop, the red 'comes through' the text, resulting in a reddish, transluscent white:



What am I missing? I'm confused why a '20%' white Text Layer on a Red solid would end up being black/grey in After Effects?

EDIT
This problem disappears when turning off the Layer Style, which is a simple Inner Shadow with the following settings:

Blend Mode: Multiply
Color: Black
Opacity: 75%
Use Global Light: Off
Angle: 0x+120,0°
Distance: 1,0
Choke: 0,0%
Size: 1,0
Noise: 0,0%


--

So I suppose, why does a simple layer style cause everything to go black when reducing opacity of the text layer?

Adding image to demonstrate:
I think it seems like you have added layer style to the text in Photoshop. The text in the photoshop has Bevels &amp; Emboss. From this point, you may have some other effect added on this text layer. I tried myself with same red background and same white text, here is what on my computer:


Here is what it looks like in AE of 20% opacity:


And here is what it looks like in AE of 40% opacity:


So I think, it's only about how the software distribute the percentage of opacity, in After Effects, you should assign a higher opacity to the layer. I don't think there is a wired problem that in AE that you got a dark layer as you stated. 

Hope this may help :)