Animation presets appear in a different category from effects.
Scroll to the top of the Effects & Presets panel and you should see animation presets there.
You can also see the AE presets in Bridge. With a bit of fiddling, you can have a movie preview window in the Bridge interface.
Getting from Bridge into AE is pretty easy.
Message was edited by: bogiesan, new information
Well, my issues began when I installed bridge. After that the text presets are no longer there. I have uninstalled both After Effects and Bridge, but I get the same result as the picture featured in this forum. I have reinstalled Ae, and have tried to work with Adobe to resolve the issue on 2 chats so far, but to no ab=vail. One of the "techs" looked right att he issue and said it looks normal. Yeah, does not bode well for Adobe when their techs don't recognize a problem when they see it.