I just had the same.
It finally worked by exporting the XML from FCP 7
– copy it to another mac running FCP 6
– opening the XML there
– exporting it again (to xml4)
– copy it back to the mac running Premiere Pro 4.01.
The only thing is I had to relink all the (Red) footage, which takes a lot of time, is there a workaround for this ?
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