- Place your matte layer directly above the layer you want to clip.
- In the Timeline enable the Modes or TrkMat columns with the toggle at the bottom if you do not see them.
- On the lower layer open the Track Matte menu and choose Alpha Matte to use the transparency of the layer above.
- Choose Alpha Inverted to hide inside and show outside.
Use Luma Matte if your matte layer is grayscale. White reveals. Black hides.