You need to see my video on How To Download and Insert Morph Transition in other versions of PowerPoint. You can download one of my presentations with Morph Transition and then you can design your own PPT on that as the Morph Transition will remain there even if it cannot be seen in the Transition tab. You will see the effect during slideshow. Just make more duplicate of the slide of my presentation on which I have applied the Morph. Hope this helps.
