I put together my first video using Windows Movie Maker, and the audio tracks are wma files. I just got Premiere Elements 7 and want to transfer the video to it from Movie Maker, but I understand that in PE7 audio files should be either mp3 or wav.
Is there a way to make the transfer so that I'll be able to burn the video to DVD after getting it into PE7?
Why not export from Windows MovieMaker as DV-AVI.... (See this FAQ on exportinmg from WMM as DV-AVI http://forums.adobe.com/thread/415317?tstart=0) then bring this into PE7. Note sometimes you can have audio issues with the type 1 DV-AVI that WMM produces. In this case use the free DVDate (http://paul.glagla.free.fr/dvdate_en.htm) to convert the type 1 to type 2... it is very fast and lossless.