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Welcome to the forum.
Unfortunately, you have posted to the Tips & Tricks sub-forum, and not the main PrE Forum. This is a repository for tips & tricks, and few will likely see your post here. Maybe our tireless MOD, Steve Grisetti, can move it out to the main forum.
Thanks! I have reposted hopefully to the right forum.
Great, and I feel that someone will respond with helpful info for you.
Unfortunately, you can not edit MJPEG videos in Premiere Elements, Editer.
Actually, some people can. It depends on your machine. But for the most part, it won't go -- and there's no guarantee that even installing that codec will make it. (But you can try. Just install your camera's software -- which sometimes works.)
The wisest solution is to convert the file to a DV-AVI using a program like MPEG Streamclip, as discussed in this FAQ.