Is this a photograph you want to overlay on your video?
If so, you want to open the photo in Photoshop or Photoshop Elements and turn it into a layered PSD file. Once it's a layered file, you can delete everything around this oval shape and, if you save the file as a PSD, it will be saved with this deleted area as transparent.
When you bring it into Premiere Elements, this area around the oval will remain transparent.
I do show you how to do this, step-by-step, in my Photoshop Elements/Premiere Elements 9 book, available on Amazon and at Muvipix.com.
Thank you Steve I will try this approach. When I was using Roxio Creator 2011 it was possible to crop to shapes other than a rectangle. I was hoping to find a like effect in Premier Elements 9. But guess not so will use your suggestion.
One can also create an oval Track Matte, and apply the Track Matte Keying, using that Matte.
I have tried this method and after much experimenting I am coming close to
what I was looking for. Both methods have merit and useful applications. I
have found that with multiple effects you can create some interesting
Thanks for your suggestion and help,
Initally, Track Matte Keying is not the easiest concept to grasp, and one needs to do things in the right order, but it offers so very much control, that it is a favorite method of mine.
Another option, and not sure if anyone mentioned it, would be to do the vignette in PS with a transparent Background, Save_As PSD, and Import that into PrE.