Thanks, Specter! I actually discovered this shadow matte approach. It's amazing how little the Softimage manual delves into some of these procedures - you literally have to figure it out for yourself.
I ended up using Matter>Materials>click on Shadow Object radio button, as well; I applied this to the object casting the shadow, and Shadow Matte to the one receiving the shadow.
Of course, even more amazing is probably the fact that I'm still using Soft 3D
It's a great tool, though.
Thanks again,
Rob