Premiere Elements 3.0.2 freezes when you import QuickTime files (Windows Vista)
When you import supported MOV files, Adobe Premiere Elements 3.0.2 crashes and you receive the following error message, “Sorry, a serious error has occurred that requires Premiere Elements to shut down. We will attempt to save your current project.”
The project you are working on cannot be recovered by Premiere Elements and any unsaved edits are lost.
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For more information on this issue, including potential causes, workarounds, and resolutions, see: Adobe KB Article KB400585.

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