Any solution is a good solution, djeeper.

MPEGs and video from hard disk cameras can be a bit iffy in programs like Premiere Elements. If it works, great! But sometimes they do work and sometimes they don't. (You can increase the odds they will work by downloading and installing the K-Lite Codec Pack -- but even that's no guaranteed solution.)

If you want a solution that works every time all the time, you'll want to convert any MPEGs into DV-AVIs before you bring them into Premiere Elements, per our FAQs at the top of this forum.
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