I have Premiere pro 5.5 and I was wondering if I can save the entire project with all the video/pic to a folder so that I can open it on another computer?
Have a look at the Project Manager.
Read Bill Hunt on project setup http://forums.adobe.com/thread/919388?tstart=0
Just make sure that the drive the folder is on uses the same drive letter on both computers, so you don't have to constantly relink your files
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