The SMD is the model and all animations right? So you're doing the animations in 3dsm? If not, I don't see how you can make an SMD without the animations.
Sorry about that, I went out of town for a while and only now got back.
I'm looking for an exporter for normal HL, not HL2. I've heard some people got 3dsmax 6 working with HL and I haven't been able to do it, and since I no longer have 3dsmax 5 and I really don't feel like installing it again (I like 3dsmax 6 too much now ).
An SMD file holds either the model (called the reference SMD) or the animation data (called the sequence SMD).
i was looking for the same thing a few weeks ago. i got really put off by the fact you ahve to decompile, import, edit, export and then recompiles using 3 different tools