Well... it depends.
Where do you expect to see every frame?
If you place it on the timeline and then zoom in all of the way, you should see every individual frame.
But that all depends on how you got the video onto your computer, what video format it's in and which settings you selected when you set up your Premiere Elements project.
Also Read Bill Hunt on editing a VOB/MPG filehttp://forums.adobe.com/thread/464549?tstart=0
Thank you ... Ken Rohan