have you tried any other effect like environment mapping?

try this:
Code:

---

bmap cubemap=<skycube2.tga>;

material mat_cubemap

{

	skin1=cubemap;

	effect=

	"

		texture mtlSkin1;

		texture texSkin1;

		technique cubic_environment 

		{     

			pass p0 

			{

				Texture[0]=<texSkin1>;

				Texture[1]=<mtlSkin1>;



				ColorArg1[0]=Texture;

				ColorOp[0]=Modulate2x;

				ColorArg2[0]=Diffuse;



				ColorArg1[1]=Texture;

				ColorOp[1]=AddSigned;

				ColorArg2[1]=Current;



				AddressU[1]=Clamp;

				AddressV[1]=Clamp;

				AddressW[1]=Clamp;

				TexCoordIndex[1]=CameraSpaceReflectionVector;

				TextureTransformFlags[1]=Count3;

			}

		}

	";

}

---

...there is no function to convert a bitmap to a cubemap yet. your model will reflect skycube2.tga but the reflection won't look correct...