How old and fast is the computer. How big and fast is your drive, and only got one? How big, what codec and how long is the clip?
I'm no expert and many people seem to do it on a laptop, but I think Ae does much better on big fast desktop computers with multiple solid state and fast drives. Install it on a good desktop and see if it chokes on that clip.
Make a clip half that size, what happens. A quarter that size? Stills? Different codec? Can you make it not break?
I have the 2015 version of the Macbook Pro, i have 2 slots of memory space that is 2GB, and my clip is 22 seconds long
You might have caches from earlier AE versions still on the machine. Get rid of them. And as always, AE will use as much memory as possible for a preview. If you don't have much, you don't get much.
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