After a lot of searching when i finally found Phal`s ENB Palette Shader here:
http://www.gamesas.com/topic/1004412-mge-screenshot-thread/page__st__60__p__14803535#entry14803535
It doesnt seem to work for me using MGE XE.
I wanted to know if anyone has been able to or can get it working alongwith MGE XE.It wud be really good addition to the effects because using ENB only for palette causes quite amount of unrequired FPS drop when we can get same with MGE XE without any FPS drop.