I doubt it, upgrades are usually from one PRE version to another. Even if you could I would expect you could find the full product cheaper from an online retailers than you will get the upgrade for.
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If this post or another user's post resolves the original issue, please mark the posts as correct and/or helpful accordingly. This helps other users with similar trouble get answers to their questions quicker. Thanks.
Could you please clarify your question?
Are you asking if you can have Premiere Elements 12 and Premiere Pro 1.5 on the same computer? If so, my answer would be Yes, provided you have enough computer resources.
Are you trying to update your Premiere Pro 1.5 with a purchased Premiere Elements 12 copy or vice versa.
In the Premiere Pro world, we can see "upgrade" from version to version. But in the Premiere Elements world "upgrades" relate to a pricing matter only. Each version of Premiere Elements is a standalone version. And, when you go to the next version of it, pricing can be for owners of earlier version (lesser price) and pricing for first time users of the program (higher price).
I can see where you might be considering the first mention, but I am not seeing you asking about the second mention. That is why I am asking for the clarification.
Welcome to the forum.
Looking at Adobe.com, the only "upgrades" offered are for previous versions of PrE. Premiere, and Premiere Pro are not listed in the upgrade path. In the past, there have been a few "competive upgrades" from PrE to PrPro, but I have not seen those in many years, and with the PrPro CC (Creative Cloud) licensing model, I doubt that we'll see such.
With PrPro, the only upgrade to CS 6 (last stand-alone version), the upgrade path only goes back to CS 5.5, and as CS 6 disappears, giving way to CC, I think that even that path will soon be closed, but do not know that for certain.
I also agree with Neale, that one can usually get the best price from certified resellers, who do have "sales" from time to time.
If you went to PrE 12, it will install nicely along side PrPro 1.5. I have PrPro 2.0, CS 5 and CS 6, along with PrE 4 and 11 on the same laptop. I have PrPro CS 6 and PrE 12 on another laptop.
In view the replies (including mine) that you have gotten so far, your clarification of your situation would help us to help you.
If any of this involves a possible purchase of Premiere Elements 12, I would add to the mix....
a. If you want to purchase the product so that you get Windows and Mac installation discs, then you will need to purchase from an authorized reseller of the product, not Adobe direct. Adobe direct has been selling only the download which will give you Premiere Elements 12 version specific to the computer operating system to which it is downloaded/installed.
b. Tryout before purchase is a major consideration to determine the product's compatibility with your computer environment as well as with your project goals. We can discuss the logistics of that once we are clear on what you seek.
Thanks for your response to my question. I will clarify my position.
I have Premiere Pro 1.5 but it won't run on my Windows 7. Otherwise it would be quite adequate for my needs. In fact for what I need to do, so is Premiere Elements 12. Upgrading to Pro CC is too expensive, so I thought of using PE12. So in fact I want to downgrade from Pro to Elements. I would expect that I would only have to pay the upgrade version (I realize that it is the same software as the full version) of the PE if I already have a Pro version, but that is not in the list.
I have already installed the tryout and it works fine, so I only need the activation code to be able to use it.
Since you have PPro1.5 you qualify for the FREE version of PPro2 from the link below... I do NOT know if it will work with Win7... have you tried right clicking your PPro1.5 program icon and selecting WinXP compatibility from the option window?
CS2 (and earlier) Activation Server http://helpx.adobe.com/x-productkb/policy-pricing/creative-suite-2-activation-end-life.htm l
If you have Win7 PRO 64bit you may also try Microsoft's Virtual XP mode
Win7 Virtual XP http://www.microsoft.com/windows/virtual-pc/
More on Virtual XP http://blogs.zdnet.com/microsoft/?p=5607&tag=col1;post-5607
This is only ONE example of using Virtual XP http://forums.adobe.com/thread/702693
Probably the best that one can do, regarding "upgrades" to PrE 12, is to look for the best price from a certified (very important) reseller, and buy. Then, with the trial, just plug-in the S/N for the program, from that reseller.
With a base price of ~ US$ 100, Adobe does not offer much in the way of an upgrade incentive. Also, rather like airline ticket prices, any Adobe "sales" usually come and go. We seem to see more incentives on versions, that have almost lived out their life expectancy, though not always. Also, as the life-span of PrE is approximately 12 mos., where PrPro's life-span was approximately 18 mos., there is less time to get any incentive with PrE. My guess is that PrE 13 will be released about Oct. 2014.
Good luck, and it's sad that PrPro 1.5 will not run on newer OS's. I had it, and found it a good editor, though I "fell in love" with PrPro 2.0, which I bought in the CS 2 Production Studio (that was an incentive from Adobe, as I had PrPro 1.5, Ps CS, AI CS and others) - IIRC, that "deal" was the whole suite for less than the price to upgrade just my Photoshop! A real no-brainer, and I got After Effects free (actually better than free, since Encore 2.0 was included too) in the deal. Glad that I was looking, when that offer hit my e-mail's InBox!!!!
PS - though it's now very old, I still use PrPro 2.0, as often as my PrPro CS 6, depending on which computer I'm on. Nothing wrong with the older PrPro versions.
Nealeh, A.T., Bill and John, I thank you very much for helping me. With this information I can move forward.
You are most welcome.
Good luck with the decision.
Thanks for the clarification.
Great news that you are moving forward with your video editor choice(s). Great job.
Please do not hesitate to ask if you have any questions on your Premiere Elements 12 workflows. We are glad for the opportunity to be of assistance. To get a free and comprehensive overview of Premiere Elements 12, you might check out the Premiere Elements 12 Help PDF.
But as an side...
Have you exhausted all possibilities for getting Premiere Pro 1.5 on Windows 7 (assumed 64 bit). Do you have Windows 7 Professional? If so, have you downloaded an installed the Windows XP Mode that works in conjunction with Windows 7? The Windows XP Mode is a virtual Windows XP SP3 32 bit system).