if you mean video effects or 1-click effects than just right click the object (timelinemode) and choose "reset video effects", or in the storyboard mode, click the icon in the upper right corner of the object. A menu appears and you click "reset video effects" again.
Kind regards,
MAGIX photo & graphic team
p.s.: Please keep in mind, this is the photo section. Movie Edit Pro is a video product. Please ask questions in the right categories.