See if this link helps

Still, there is supposed to be a work around

where PrPro 2.0 works in Windows 7 64-bit.
When I read it, it didn't give an explanation.

It's under the thread... 
"Premiere Pro 2.0  Compatible with Windows 7?"

It's by Dejan Petkovski and it's the 4th post.

Now I've got an installation problem!!!

I recently upgraded [regretfully] to Windows 7 64-bit.

After I installed PrPro 2.0, the source window showed
ghost figures overlayed with a solid mass of green pixels.

After reading all the forums, I decided to give up and
install PrPro in XP-mode, which I was trying to avoid.

Now I can't Capture.  I've been using my PrPro for many
hundreds of hours since 2006 using the same Canopus
video capture card under Windows XP.  My computer has
high-end features and is not lacking in capacity.

I'm using DV capture and Serial Device Control for a
DVD player in order to test Capture.  I don't know if
I should check the box for "Use VTRs internal Cue".
I tried it an it didn't resolve the problem.

(I do not use Device Control because I have S-Video
and RCA audio going into my capture card.)

Nobody on the boards had a solid answer for getting PPRO 2.0 working in XP Mode -- everybody's advise came through guessing and there were others who said it couldn't be done.  I got PPRO CS5 and had to get a Black Magic capture card to work with my 64-bit CS5.  After all my experience with 2.0, I still can't capture video through RGB or S-Video connections.  The "how to" is not addressed in any of the tutorials.  There is a lack of documentation for this.  No wonder everybody is going nuts!!!  No real support, or they already want to charge you as soon as you install it.  I'm still dead in the water.