No Red-eye reduction, but if you 'select' a circular or oval area over the pupil that you need to change and go to Ctrl-U (I think it's option-U in Apple) you can adjust the hue, saturation and lightness of that area to give you a great deal of control. It sounds time consuming but once you get used to it it does give you a lot of options...of course you can use curves, contrast or any other tool in photoshop to adjust the selected area, I find the Hue/saturation adjustment works best for me in these instances (weird-eyed nude & armed animals that is!) LOL!!