Apple Soundtrack Pro 2 - Manual (Page 327)

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Working with Audio Effects
You can modify the sound of your project in many ways using
audio effects. Soundtrack Pro includes a complete set of
professional-quality audio effects you can use in your projects.
You can use audio effects to add both subtle and dramatic changes to audio clips in a
multitrack project or to an audio file project. Soundtrack Pro includes effects for
equalization, compression, reverb, and other effects you can use to clean up audio,
perform sound design, and enhance the sound of your audio. You can also use
third-party Audio Units effects plug-ins in both multitrack and audio file projects.
Processing Effects and Realtime Effects
Soundtrack Pro gives you two ways to use audio effects in your projects: processing
effects and realtime effects. Audio effects can be applied as processing effects to entire
audio clips, or regions of audio clips, resulting in nondestructive actions that can be
adjusted at any time. Audio effects can also be applied as realtime effects to tracks,
submixes, and busses as real-time effects, enabling parameters of the effects to be
automated so that they change over time.