A dissolve transition requires that you set a background and key transition rate for the auto transition. A fader transition does not use the transition rate.
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Click Navigation Menu > Live
Assist >
MEs and select the ME that you want to perform the transition on.
Tip:
You can use the same procedure for a MiniME™.
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Click Trans >
Dissolve, or press DISS in the
Transition area on the control panel.
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Click Dissolve.