Back in the day, before I had magic bullet, the following was my recipe that I found worked for me…
Video is set to lower field de-interlace in interpret footage dialog.
Comp 1 (video is placed in this comp) frame rate set at 60
comp 2 (comp 1 is placed in this comp) frame rate set at 29,97
comp 3 (comp 2 is placed in this comp) frame rate set at 23.976
For a better film look, in comp 3 I liked to to duplicate the comp 2 layer and use the Meyer’s instant sex method, using an adjustement layer over top to control levels and also to add noise.
Now add comp 3 to the render queue and make sure field render is set to lower, and that you select 3:2 pulldown (select the last option in the pulldown).
This will usually create pretty nice results, although I have had some issues with certain DV video. Magic bullet does a superb job of this.
Hope this helps
Mark