Thanks for your response Jeremy. That’s how I thought it was supposed to work, but there’s something strange going on with my version of FCPX.
When you open the Video Animation window, there is no disclosure triangle for Transform. When I select Position I can see the keyframes. I can move them in time or delete them, but I can change the interpolation or see the curves. If I select a keyframe and right-click, the only option I’m given is ‘Delete’.

This must be something specific to my installation of FCPX. I can’t imagine that a bug for such a basic function would be allowed out. It looks like I’ll have to try re-installing FCPX. Do you know of any issues I should be aware of when trying to reinstall?
Thanks again.
Mark Landman
PM Productions
Champaign, IL