If the mesh was missing then there would be a yellow wtf mesh. If the texture was missing then it would be pink on the mesh.
What is going on here? Can it be fixed? I'm using the latest Frans plus the latest non-beta MMM. I'll spoiler my full load list:
Spoiler
00 Oblivion.esm01 Francesco's Leveled Creatures-Items Mod.esm [Version 5.0]02 Francesco's Optional New Items Add-On.esm [Version 5.0]03 Mart's Monster Mod.esm [Version 3.7b3p3]04 RealisticLeveling.esm** Younger Hotter NPC's v1.0.esp [Version 1.0]05 Unofficial Oblivion Patch.esp [Version 3.4.1]06 DLCShiveringIsles.esp07 Unofficial Shivering Isles Patch.esp [Version 1.5.0]08 Francesco's Creatures and Items Resources.esp [Version 5.0]09 Lem - Modified Weather.esp0A All Natural - Real Lights.esp [Version 1.3.2]++ IngredientsInBulk.esp0B DropLitTorchOBSE.esp [Version 2.4]0C FormID Finder4.esp0D Streamline 3.1.esp0E DLCHorseArmor.esp0F DLCHorseArmor - Unofficial Patch.esp [Version 1.0.7]10 DLCOrrery.esp11 DLCOrrery - Unofficial Patch.esp [Version 1.0.5]12 DLCVileLair.esp13 DLCVileLair - Unofficial Patch.esp [Version 1.0.7]14 DLCMehrunesRazor.esp15 DLCMehrunesRazor - Unofficial Patch.esp [Version 1.0.5]16 DLCSpellTomes.esp++ DLCSpellTomes - Unofficial Patch.esp [Version 1.0.1]** EVE_StockEquipmentReplacer.esp17 DLCThievesDen.esp18 DLCThievesDen - Unofficial Patch.esp [Version 1.0.10]19 Francesco's Optional Dungeon Chest Loot.esp [Version 5.0]1A Francesco's Optional House Chest Loot.esp [Version 5.0]++ Francesco's Optional Vendor Tweaks.esp [Version 5.0]1B Francesco's Optional Leveled Quests.esp [Version 5.0]1C Mart's Monster Mod for Fran.esp [Version 3.7b3p3]++ Mart's Monster Mod - Shivering Isles.esp [Version 3.7b3p3]++ Mart's Monster Mod - Diverse Imperial Armor.esp [Version 3.7b3p]1D Mart's Monster Mod - Hunting & Crafting.esp [Version 3.7b3p3]++ Mart's Monster Mod - Looting NPCs & Creatures.esp [Version 3.7b3p3]1E Mart's Monster Mod - Durability & Damage.esp [Version 3.7b3p3]1F Mart's Monster Mod - Fran's leveled quests.esp [Version 3.7b3p3]++ Mart's Monster Mod - Less Reavers.esp [Version 3.7b3p3]++ Mart's Monster Mod - Safer Roads.esp [Version 3.7b3p3]++ Mart's Monster Mod - No Blood.esp [Version 3.7b3p3]20 Mart's Monster Mod - Dungeons of MMM.esp [Version 3.7b3p3]21 Mart's Monster Mod - More Wilderness Life No Gates.esp [Version 3.7b3p3]22 Mart's Monster Mod - Extra Wounding.esp [Version 3.7b3p3]++ Mart's Monster Mod - Friendlier Factions MMM+Fran.esp [Version 3.7b3p3]23 Mart's Monster Mod - Farm Animals.esp [Version 3.7b3p3]24 Mart's Monster Mod - Diverse WaterLife.esp [Version 3.7b3p3]++ Mart's Monster Mod - Slof Horses Complete.esp [Version 3.7b3p3]++ Mart's Monster Mod - Diverse Runeskulls Loot.esp [Version 3.7b3p3]25 DLCFrostcrag.esp26 DLCFrostcrag - Unofficial Patch.esp [Version 1.0.6]27 Knights.esp28 Knights - Unofficial Patch.esp [Version 1.1.2]** EVE_KnightsoftheNine.esp++ Mart's Monster Mod - Knights.esp [Version 3.7b3p3]29 EVE_ShiveringIslesEasterEggs.esp2A Dungeon Actors Have Torches 1.6 CT.esp2B Leviathan Soulgems.esp2C VToy.esp2D Toggleable Quantity Prompt.esp [Version 3.2.0]2E Sneaking Detection Recalibrated.esp [Version 4.0.3]++ EVE_KhajiitFix.esp2F Bashed Patch, Oblivion.esp