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If you just want to add visual effects to some scenes, then you probably don't want to bring your whole project into After Effects. Rather, just use Dynamic Link to bring individual pieces over to After Effects to work on them.
For a summary of the ways to work with Premiere Pro and After Effects together, see "Working with After Effects and Premiere Pro".
Yes, as long as you do your homework, plan ahead, test your production pipeline before you jump straight into a real project, and break things into manageable pieces, your system is fine for this sort of work.
You'll probably want more RAM someday soon, but your 6GB (at least I assume that you meant 'GB') of RAM is enough to trudge along with; more is better, but it's mostly a matter of speed improvement.
As always you have been a great help here and I do appreciate your help
I recently upgraded my whole system, meaning from windows xp to windows 7 and from CS3 went to CS4
As I remember , with Cs3 I used to import my Premiere project to after effect and add effects, transiations and etc and then I would render it as an AVI for windows ,
Now , this is my 1st project working with HD videos.
I am gonna check out the link you provided for me and then i'll tell you how it goes .
Yes ia have 6GB ram