You state that you bought ‘Premiere Pro CC’, and not specifically ‘Premiere Pro CC 2014’. Effects Masking was not available in ‘Premiere Pro CC’. It was just introduced in ‘Premiere Pro CC 2014’ (actually Version 8.0.0). Since you can still download and install both versions, I’d check and make sure you have 2014 installed, else you wont see the added controls.
Asus P6X58D Premium * Core i7 950 * 24GB RAM * nVidia Quadro 4000 * Windows 7 Premium 64bit * System Drive – WD Caviar Black 500GB * 2nd Drive(Pagefile, Previews) – WD Velociraptor 10K drive 600GB * Media Drive – 2TB RAID0 (4 – WD Caviar Black 500GB drive) * Matrox MX02 Mini * Adobe CC
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