How to make a Mask Effect? It's really very easy and funny. We've got a template for you.
1. Download the template and open it in Adobe Photoshop. Put the picture in the circle area of the template and make sure the eyes are in the middle. Please be noticed that the picture can't go into the red area.
2. Unclick the template layer to make the template invisible.
3. Go to File->Save for web.
4. Select PNG-24.
5. Click Transparency.
6. Save it.
7. In WebcamMax, go to Effects->Mask and click Create New Effect.
8. Adjust the size.