So I started editing some audio in Premiere CS5 and I came over a very annoying problem: When I add the "Exponential Fade" transition on an audio track and i customize start and end, the sound on the end of the CLIP on the opposite side of where the transition is just vanishes. The farther I drag the beginning of the fade, the more of the audio disappears.
Please, I really need this fixed!
I just tried to reproduce on my mac laptop and couldn't do it. I would try trashing your preferences, starting with a new project and do a simple two clip audio transition to see if you can reproduce the problem.
Failing that, provide more information about your system including sound card, driver version, etc.
Hope this helps,