This looks like yet another MEP 2013 bug to me but I'd appreciate others trying to reproduce please.
To test:
1. Place 2 objects on the timeline, e.g JPGs. (Any number gives the same problem.)
2. Open Video Effects > Collages
3. Apply any 2-object collage, e.g. the first in the landscape section if you are using landscape objects.
4. Confirm that the result is as expected.
5. Now apply preview rendering to that new range.
6. All the range becomes green when finished.
7. Here, it now plays wrongly, occupying only the top left corner of the preview monitor. And previewing any collage afterwards gives the same problem. Even after undoing both the rendering and collage operations! Had to restart MEP 2013 to continue.
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Terry, East Grinstead, UK