Em....I also need this effect.

The short answer is No. There is only one "M/E" bus where you you can use transition FX, and that's on the main "Program" feed. You can't also have transitions upstream of this within a Multiview. However, you can create two almost identical Multiviews, using the same combination of layers (except the one which you are toggling on/off), and then transition between those two input versions, which will at least allow you to have a layer fade in and out for example, even if the whole process is not as straightforward or as versatile as having multiple M/E busses. But that's how it is right now, and in the world of hardware video switchers you pay a lot more for having multiple M/E buses on the switcher.