diff --git a/packages/core/src/audio/audioFxGraph.test.ts b/packages/core/src/audio/audioFxGraph.test.ts
index 9c54f12bc9..4d85eca285 100644
--- a/packages/core/src/audio/audioFxGraph.test.ts
+++ b/packages/core/src/audio/audioFxGraph.test.ts
@@ -438,3 +438,26 @@ describe("automatable parameters", () => {
     expect(onePole.automation?.frequency).toBeUndefined();
   });
 });
+
+describe("phaser automation targets", () => {
+  /**
+   * `in_gain` and `out_gain` trim the signal entering and leaving the effect,
+   * which the builder drives through inTrim/outTrim while pinning wet and dry
+   * to 1. The automation map used to aim both lanes at wet/dry — so an envelope
+   * modulated a constant, the trim it was supposed to move stayed frozen, and
+   * "fade the phaser out" left the dry leg playing at full level.
+   *
+   * Asserted by VALUE rather than by node identity: the trims are internal, and
+   * the only honest question is whether the param a lane would drive is the one
+   * the knob sets.
+   */
+  it("drives the trims a lane is named for, not the pinned wet/dry pair", () => {
+    const handle = buildFxNode(ctx() as unknown as BaseAudioContext, "phaser", {
+      ...defaultAudioFxParams("phaser"),
+      in_gain: 0.25,
+      out_gain: 0.5,
+    });
+    expect(handle.automation?.in_gain?.[0]?.param.value).toBeCloseTo(0.25, 6);
+    expect(handle.automation?.out_gain?.[0]?.param.value).toBeCloseTo(0.5, 6);
+  });
+});
diff --git a/packages/core/src/audio/audioFxGraph.ts b/packages/core/src/audio/audioFxGraph.ts
index a366b823e7..abb1f2e5f0 100644
--- a/packages/core/src/audio/audioFxGraph.ts
+++ b/packages/core/src/audio/audioFxGraph.ts
@@ -360,8 +360,13 @@ const allpassPhaser: Builder = (ctx, p) => {
     // frequency at once — not one knob, one param — so they stay unautomated.
     automation: {
       speed: [{ param: lfo.frequency }],
-      in_gain: [{ param: dry.gain }],
-      out_gain: [{ param: wet.gain }],
+      // The trims, not wet/dry. apply() drives inTrim/outTrim from these knobs
+      // and pins wet and dry to 1 — so a lane aimed at wet/dry modulated a
+      // constant and left the trim frozen, and the next values-only edit slammed
+      // it back over the running envelope. The comment above records that this
+      // wiring was already moved once; the automation map was missed.
+      in_gain: [{ param: inTrim.gain }],
+      out_gain: [{ param: outTrim.gain }],
     },
     dispose: () => {
       try {