Remember I was trying to darken skies in my clips by using Colour Director. This is possible using the Graduating tool in the Regional Adjustment pallet by selecting the area and then altering the exposure down. However to apply this effect to a number of clips I thought it made sense to create a Custom Preset. Unfortunately although you appear to save a preset it does not actually work when you try to apply it to a new clip. You appear only able to create Custom Presets using the Global Adjustment tools. I don't know if this is a bug in Colour Director or intentional. I could not find anything in the Help file that explained this.
Regards
Nigel