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Thanks all for your help. I figured out my hardware was not supporting 5.0 or Pro 2.0 I have gotten an upgrade (new motherboard, processor, etc.) Pro 2.0 seems to be working fine for me now. I was surprised I couldn’t even run 5.0 but it seems my trouble had something to do with my computer not reading SSE2 intstructions (or something like that.) Anyway it was a hardware issue and I am up to speed now.

Thanks Again,

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Shouldn’t be THIS difficult. I am positive tape is playing through camera to computer.. there IS something to record. I am running premiere 5.0 on windows XP (Is this program too old to run properly as someone suggested to me?)
I have gotten a step closer I think?! To review:
1) mini dv tape is playing through canon gl2 via firewire into compaq presario (I have plenty of memory and new video card)
2)when I open premiere 5.0 a ‘New Project Settings’ box appears. There is an ‘Editing Mode’ menu with two options a) Video for Windows b) Quick Time.
3)when I click ‘ok’ on video for windows a screen pops up with a timeline and monitor box along with a box titled ‘Project: Untitle1.ppj’ which I basically ignore
4)I click on File> Capture> Batch Capture and a box titled ‘Batch Capture: Untitle2.pbl’ pops up. There are headings in the box such as; Reel Name, In, Out, File Name, Comment and Settings. There are 4 tabs at the bottom of the box; Add, Delete, Sort and Capture.
5)’Add’ is the only highlighted box so when I click on it a ‘Clip Capture Parameters’ box pops up. It asks for a reel name, file name and in-and-out times. The in-and-out times are set at 00:00:00:00 and I MUST adjust this to be able to advance so I usually input 01:00:00:00 in the out time box.
6) This information is then transfered to the previous ‘Batch Capture: Untitle2.pbl’ box AND NOW the ‘capture’ tab is highlighted. I highlight the information line I just inserted then click ‘capture’ and another box pops up titled ‘Select Library’. The ‘Files of type’ window reads ‘Premiere Library (*.pbl)’. I type in the file name which I just created in the ‘File Name’ window and click ‘New’.
7) I new box appears: ‘Create New Library’. I type the file name in again and click ‘Save’. That allows a ‘Movie Capture – C:’ box to appear with a ‘record’ tab. I CANNOT SEE ANY VIDEO IN THIS BOX but I click ‘record’ anyway. A counter begins in the bottom of the box and after :10 I hit the ‘esc’ buttom to stop the recording. AS SOON AS I stop the recording ANOTHER box pops up stating: Unable to open that file. File uses an unsupported compression format. File path: C/temp5.avi/
8) I can then go into the hard drive on my computer and find these video clips. When I click on them they open up and play in Windows Media Player WITH NO AUDIO.

That is the end of my tale. As you can see I have made some progress but I still cannot get this program to function properly.
Thanks for reading this lengthy post and ANY HELP would be greatly appreciated. Cut

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Lord, thanks for your help as you did answere several of my questions (Device Control, Movie capture vs. Batch capture). Yes I am trying to run video out of my camera straight into the computer via firewire. However I continue to have the same problem. When I click File> Capture> Movie Capture a small box appears but the record tab is not highlighted. I can only right click on the box. When I do this a recording options tab appears and after clicking that a capture format menu. There are two options from here: Quick Time capture and Video for Windows. When I click on Quick Time nothing happens, when I click on video for windows the whole program basically shuts down. Does any of this make sense? I think I will put another call into my computer guy later today.
Thanks, cut.

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Thanks Steven.. I’ve also been told to try and get a Dual Core processor, at least 1 GB of RAM, 256 meg Video and an internal drive for programs of at least 60 gig (120 would be better). I have been told to stay away from Celeron processors. Is there a brand of computer that works better? Where is the best place to go to have someone help me acquire all this?

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I have the same question. You are a bit ahead of me. What are the basics I need to support this software?/What is ideal?/What is best?
Thanks to all the veterans for their input!