[Mark Stevenson]

I know this is an ancient thread, but dealing with a 125 gig original file from which I needed 15 seconds, the simplest solution I could come up with was to import while leaving in place, create a new project, set in/out in the section I needed, drag that into the project then export that as a master file. Then I imported that into the library. Saved me 2 hours copying it to a local drive.

Mark