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You have a native volume property. Hit LL, animate the loudness there. Note: actual volume cutoff is defined by your pref (defaults to -48dB).
You're definitely on the right track using the Stereo Mixer effect to do audio fades.
You metioned that you "the effect's right/levels". If you're fading a stereo clip, you need to fade both channels down. I just tried this, and it worked fine when I set keyframes for 100% at time 0 for both Left Level and Right Level and then set keyframes for 0% for both of these properties a little later.
Thanks Todd. I meant right/left levels. Sorry. You are right and it is working now. I had my fade range to short to perceive there was a fade. After increasing it, I can definitely hear the fade.
One more question: Is it possible to extend an audio clip in AE so that the clip just starts from the beginning and ends where ever you stopped the drag?
> One more question: Is it possible to extend an audio clip in AE so that the clip just starts from the beginning and ends where ever you stopped the drag?
Here's a page about extending and trimming layers: "Trim, extend, or slip-edit a layer"
If you have a layer that's based on an audio footage item, then you're not going to be able to extend the layer to be longer than the original item---unless you use time-remapping or looping or something like that.