Raining Character In and Out effects when used on a text layer, shows up as the Ehco effect in the Effects Control panel. May not be a big deal, tho. I'm only using because I'm going through the lessons in "Classrooom in a Book" for AE. Anyone else note this problem? Does Adobe read these posts?
I don't understand the issue. Presets are just a collection of effects and settings. A preset could apply any number of effects to a layer. The Raining Character In/Out presets apply text animators and an Echo effect to a text layer they've been applied to.