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Premiere Pro is the new Final Cut Pro. It's come such a long way and now I'd say it's head on head if not better than Avid Media Composer and FCP Pro.
Dean, in addition to the ways already pointed out, another way of adding effects or settings to many other clips at once is to use the Track Select tool. It's located under the pointer tool, looks like an arrow with a dotted line around it.
After copying your effect (in the order you want them, btw), click on the first clip after the one that already has your effects on it.
This will select ALL clips to the right that come after that clip. Just click Edit > Paste and the effect will be applied to all the clips that were just selected.
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