Yes, the blacks and whites that are new to 4.0, these along with the new graduated filter settings and the new LR 4.0 highlights and shadows all are not being picked up. Am I missing something??

Did you set the process version in the settings to LR4 ?

You have to use the two graduated filters that LRTimelapse creates when initializing the sequence. You will see two "dots" when you hit "M" on any image you initialized with LRTimelapse after reading the metadata into LR. Those two grad-filters will get animated!

Be careful if you use any Presets! They might destroy those initializations.

Could I move those two (dots) graduated filters?

You can do whatever you want with them as long as you don't delete them or create new ones. All changes will be animated.

You can do whatever you want with them as long as you don't delete them or create new ones. All changes will be animated.

thank you, Gunther.