Hi there
I had a similar issue with bring FCP files back into FCE. After fiddling around a bit I found that the solution lies in Exporting an XML file from FCP. What you need to do is, while in FCP click on FILE–EXPORT–XML
Then from the format pull down, select the version # that is compatible with your version of FCE. I found the “Apple XML Interchange Format, version 4” works with FCE v4.0.1. Then in FCE Import the XML file by FILE–IMPORT–FCP XML From Imovie.
An issue worth noting is that FCP seems to only export individual sequences at a time not entire projects. So if you have more then one sequence in a project that you would like to import into FCE you’ll have to export them as XMLs one at a time.
Hope this helps