Hi..
ok we have a bit of a misunderstading…
You can not apply the effect to transparent….
that will only work if you
a) want to set an arbitrary time
b) referecne the seqeunce timecode
you have to apply the effect directly to the clips
so…apply to 1, set it to use the source timecode, then copy and paste it to the rest of the clips….
Alex Udell
Editing, Motion Graphics, and Visual FX