What happens if you first do the below?
For CS5 and later, the easy way to insure that your video and your project match
See 2nd post for picture of NEW ITEM process http://forums.adobe.com/message/3776153
-and a FAQ on sequence setting http://forums.adobe.com/message/3804341
The tutorial list in message #3 http://forums.adobe.com/message/2276578 may help, with more help in message #5
Thank you, I solved the problem!