Click EFFECTS-DISTORTION and SPEED and it says 'Please select a video object to be able to apply the effect. I did that, still nothing shows up.
Thanks!
1. you have to select the object. Distortion you can use for fotos or videos. Speed only for videos.
2. if you chose distortion use one of the effect fader like wirlpool -> changes are direct visible. After that you can chose for videos Speed. be aware that you have a common format (e.g. avi) and also be aware that you need a fast PC to do this operations real time. If nothing happens your PC might be too busy....