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If you're creating a timelapse from several photos:
1) Make sure that, before you bring the photos into your project, you've resized them 640x480 pixels (standard definition), 855x480 (widescreen) or 1920x1080 widescreen.
2) Find a way to name the photos so that they will list in alpha-numeric order.
3) Start a new Premiere Elements project and select the correct project settings for standard, widescreen or high-def. (This will not happen automatically when you're working with photos.)
4) Before you add the photos, go to the program's preferences (under the Edit menu in a PC) and set the duration for each still.
Then it's simply a matter of adding the stills to your timeline. If you've named them so that they're in alpha-numeric order, you can drag them all to the timeline at once and you're done.
Looks good to me, Steve. Thank you. I'll probably begin with a moving clouds effort, most seem to do so Then a trip downtown at night.
I use Steve's method, for both Time-lapse and Stop-Motion Project - similar, but with a few differences.
I use one of my utilities, like Adobe Bridge (sort of like Organizer, but with more power, and available only with other Adobe programs, like PS, PrE, AI, AE, etc.), NaMo (older, free file naming utility), ThumbsPlus (commercial file organizer), or SuperExplorer (a Windows Explorer replacement with more power for some things), to Rename my files, usually into a Numbered Sequence, say [Clouds_00001.jpg, through Clouds_00099].
The Duration that you set, will depend on the look that you want. I have done some, where I wanted only 1 Frame, per Image, but also done a few, where maybe 01 sec. (25 Frames in PAL-land) provided me with the "look," that I was after.
If you go with a short Duration, then you will probably want to add Cross-Dissolves between the Images, and to do that, you will want to adjust the Duration of the Cross-Dissolve way down, to right at 1x to 1/2 the Duration of the Images. If I were to decide that 25 Frames (01 sec. Duration) was ideal, then I would set the Duration of the Cross-Dissolve to about o1 sec. too.
To determine the "look," that you want, I would do a test with only a few Images, and experiment with their Duration, plus the Duration of the Cross-Dissolves, until I had it just like I wanted - then clear the Timeline, and Import those Images, placing them onto the Timeline.