thanks for the reply. Got the following suggestions on the vegas forum:
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AAF from Premiere Pro opened in Vegas 6/7 should work pretty well. Pre-“pro” premiere lists/projects/exports of any type almost definitely will not open in Vegas correctly. If you are in 6.0x era Premiere, try opening the project in (ideally the current version of) Premiere and then export to AAF. Vegas 6 or 7 should open that AAF.
(snip)
You may have to do some manual “cleaning” of the PPro project first. Don’t use any subclips in PPro (go back and replace with original master clips) and also don’t allow any “nesting” of PPro sequences. If there is any nesting — Vegas will import the clips into the project, but not give you anything on the timeline. Multiple sequences will come into Vegas as separately labeled layers.
I go to/from PPro and Vegas fairly regularly. I have one client that offlines in PPro and I then import to Vegas for online via AAF. And — I also offline in Vegas and AAF to PPro/Axio for uncompressed work.
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may be helpful 🙂