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Okay, up next is modulators. This little button in the library is new in Live 12, but the contents of it are not necessarily. Some of them are. What we have here is a group of effects that modify other things. They are modulators. Some of these, like Envelope Follower, existed in previous versions of Live, but they've just been grouped differently into their own thing. Now they are essentially audio or MIDI effects. Now, you'll notice this icon looks a little bit different than the other effect icons. Okay, this one. There's one that looks like our modulator effects, but this icon means that this is a Max for Live device. Now, you don't really need to pay attention to that. We're going to talk about Max for Live in just a second, actually, the very next video. So just hold on to that idea for a minute. For now, all we really need to know is that these work the same as anything else. They have presets on the inside like everything else, and they can go on audio or MIDI tracks. Right. Here's our lfo. You might have seen LFO before. That is something that is inside of a synthesizer, usually, but we have this cool LFO effect that lets us basically put an LFO on anything. And it's super fun, actually, and really valuable. So these modulators are really cool. We'll get into how they all work later. But let's go on to Max for Live and that'll help kind of clarify some of this business.