It depends on what kind of camcorder you got the video from and what hardware/software you used to bring it into your computer.
Generally, it's a bad idea to use one editing app to capture your video and another to edit it. Why not use Premiere Elements to do both?
It's actually captured from television using Dazzle and Pinnacle Studio not a camcorder which I don't think is possible using PE4.
Someone mentioned codec??? I'm not sure what this means. It really shouldn't be a problem as it is a regular mpeg which should definitely be compatible with PE4.
Thanks for the help but still unanswered...
The Dazzle will always be an issue. Many using it cannot even capture with it in Pinnacle, as evidenced by the myriad posts in the various Pinnacle fora.
I do not know the limitations of either the Dazzle, or Pinnacle Studio, but can you Capture to DV-AVI Type II w/ 48KHz 16-bit PCM/WAV Audio? That would be the best format/CODEC and will edit nicely in PrE.
About editing SD (Standard Definition) MPEG files (or ANY type of compressed file)
Click the http://www.pacifier.com/~jtsmith/ADOBE.HTM Link to My Adobe Notes
Then Click the internal Link Edit Compressed (MPEG/DIVX/etc) Files
Read each one of the items... clicking/Reading ALL of the information Links
(Bottom line... compressed files are NOT suitable to edit in Premiere)
(If what you have is MPEG, use one of the mentioned products to edit)