Welcome to the forum.
For info on Conforming Audio and Indexing files, see this article: http://forums.adobe.com/message/3892177#3892177
Also, did you Copy the full folder structure from the camera's card, to the HDD, and Import from there?
Thank you John for your gracious rebuke. I should have realized that help would be almost impossible with out some basic information about the system. Here is what I have been able to ascertain about my system:
Model Name: iMac
Model Identifier: iMac13,2
Processor Name: Intel Core i7
Processor Speed: 3.4 GHz Number of Processors: 1
Total Number of Cores: 4
L2 Cache (per Core): 256 KB
L3 Cache: 8 MB
Memory: 8 GB
Graphics card Nvidia GTX 680MX 2048MB
Productivity Suite CS6 latest update
Matrox MOX2 Mini with Max Software ver. 3.3.0.0067
No other software is running when this happens.
The clip is .mov file h.264 compressed.
Thanks again for your assistance.
Please download the user PDF manual, look at pages 79 and 80 for audio settings.
If you've waited for the conforming to happen and still don't see a wave form (and you've deleted the clip and tried importing it again... and again... and again), you may have the same problem I had last week.
I was trying to create a compilation DVD for a retiring faculty member and was given a bunch of clips (most H.264). About half of them came in just peachy with audio intact. The others would not import with audio no matter what I tried (even though they played just fine in QT). Since my back was up against the wall, I just exported the aiff from QTPro and married it together with the video in Premiere and got on with my life.
After the final project was delivered I spent some time trying to diagnose the issue. As near as I can tell, there was some vague corruption in the header of the files that would not import. Windows Movie Maker threw a hissy fit on every one of them (though FPC 7 didn't seem to mind). GSpot gave a warning I didn't quite understand.
You could try (just as an experiment) re-saving them in QT Pro (this won't transcode, it will just rewrite the header info). Also, see if you can import other H.264 files. And, of course, watch that conforming bar; it is very, very important!