You can't exchange timelines between After Effects and Premiere Elements, as you can with the CS5 suite.
But if you export your finished After Effects work as a DV-AVI (for standard def video) an HDV-MPEG (for hi-def) you can certainly import that video into a Premiere Elements project
There is plenty of discussion about doing that kind of thing on the Community forum at Muvipix.com.
thanks... although that would be nice to be able to do that. I am enjoying AE, would you happen to have a tutorial for beginers???
I wish I did, Carlton. But I'm just a little more than a beginner myself!
Fortunately, the folks on CreativeCow (who've made me an honorary member, by the way) have lots of great, free tuts!
Oh, and if you want to really basic (no crime in that) YouTube is a great resource!