PS - If I just import the .psd file as footage it looks correct, I just don't have it to work with in titler, and would have to edit the text for all my lower thirds in photoshop which would be cumbersome.
You should be able to import a psd file as a logo. I assume CS4?
Try flatten it first before importing.
I like that workflow.
I handle my "custom" Lower-Thirds (or similar) just a bit differently. I create the artwork in PS, and then Import that as an Asset. I'll then do a regular Title for just the text, placing it above the PSD of my graphic. My workflow does mean that I will need to Import that PSD into each Project, but I put a copy into my Common Assets folder, for ease of Importing, as is required. I can also individually animate each element, as is needed. If I wish to animate the Layered elements of the graphic, I'll Import as a Sequence, keeping my Layers, but with Lower-Thirds, I usually end up animating both the graphic and the text as a unit, i.e. the same Keyframing for each of those elements.
Your method will all one to do a full Save_As a Template, and allow for easy changes of the text, as the graphic is but a logo. Neat!
sorry, CS3, and yes I can import as a logo, but it dosen't come in correctly. the background is clear when it should be white, and the lettering looks horrible, and the grey shaded rectangle doesn't appear at all. This does not happen when I import it straight into premier as footage. Do the images in the .psd file need to be specially in a "vedeo layer" in photoshop, because they appear to be in just a normal layer.
The psd file get rasterized in the titler, this might be the cause.