Here it is, if you erase the bottom layer it does what I want it to do.
Edit: I just fixed my issue, it was not a problem with the wrap effect. I programmed the bubbles to spawn on layer 1 as I only had one layer when I started, and I forgot to change to spawn on layer 2 when I added the second layer, so the bubbles were spawning in the background layer that had no effect applied to it. Sorry for the inconvenience
<img src="smileys/smiley17.gif" border="0" align="middle" />