>>I have some 720p videos I would like to edit in Premiere but they are in .mov and premiere does’t accept that format.<<
Yes it does. The problem you have probably isn’t an issue with the file format but instead with the codec used to compress the footage.Premiere Pso has native support for a wide variety of different formats and codecs.
If you have Adobe Media Converter you can try to open your footage there and transcode it into a friendlier codec. Do you know what the codec on this footage is? Where did it come from?