Well it did, until I stumbled on the free download from Hidden Elements – a site dedicated to unearthing all sorts of Photoshop Elements secrets. And, in my case, when the tool simply isn’t there, they give you a way to put it there. Download and install a small program, close and reopen Photoshop Elements and on your Artwork and Effects bar is a new group of features including a one click Layer Mask.
It’s simple to install and very easy to use and, better than a workaround you have to remember how to perform from one session to the next, it’s now a clickable option.
It’s the next best thing to having the Layer Mask feature built in.