I have heard release 3 of 3d Studio can be used to import 3dos made in Jed and to texture them. I have heard release 2 does not allow this. Is this still the case? Is there any way around this for release 2? My interest is only in taking from Jed to 3d Studio (and NOT importing them back to Jed)
If someone could explain this for me it t'would be greatly appreciated!

No version of 3dsMax can directly import a 3do without a third party plug-in, that I know of no one has ever made one.

download 3do convertor here:
http://www.code-alliance.com/

use 3do convertor and save the 3do as an obj

then use 3d explorer http://www.us.righthemisphere.com/3dexploration/ to convert the obj to 3ds. now that the model has been converted to 3ds you can open it in any version of 3dsmax