After Effects On the Spot[c] Time-Saving Tips and Shortcuts from the Pros
No Alpha? No Worries!
Is your video missing a precious alpha channel? Have no fear, the Paint Effect is here!
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Adding an alpha with paint effects gives you utmost control and you can edit the alpha directly in AE.
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When you paint, choose Alpha in the Paint palette.
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You can change channels after you have painted a stroke if you forgot to choose Alpha.
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White will have no effect (100% opaque ), black will be totally transparent, and all other colors will be changed to various shades of transparency depending on their gray value.