What operating system are you running?
Version 3 was designed for XP.
A patch (3.02) was issued later to make the program Vista compatible. But it may not run correctly on Windows 7.
XP Pro, which I will also be running version 9. No Vista for me.
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Have you installed the 3.02 patch?
Have you ensured you have the latest version of Quicktime from Apple?
Quicktime regularly updates so I assume I have the latest. I do have 3.02 and I just called up the program to get the version I am running and I see the problem has gone away. I now see the whole screen and am able to grab the edges and adjust the size, go figure... I am still waiting for my version 9, I expect this problem will not show up again once I update. Thanks for the help!
Curious, but so long as it is working now, I'd not question, just edit, and wait for PrE 9.
Good luck, and happy editing,