@JL_JL: Thanks, that's what I was looking for. Works perfectly.
@Dilbert36: Another member sent me a private message with more specific directions:
+ + +
you can drag 7 different effects directly to a video clip. Once you drag your first effect to the video clip on the timeline....an EFFECT button will appear above the timeline. When you click it it will then show you all the effects on the clip. You can then selectively remove individual effects. Just select the effect and use the "-" which is the remove key.
You can also use the "check boxes" next to the effect to see what the clip will look like using a different combination of the effects you placed on the clip.
Just a quick one....If you placed an effect on the video clip and then you just want to quickly remove it.....use the UNDO button at the top of the application. This will remove the effect very easily. By default you can remove you last 50 editing steps. This value can be changed in your preferences.