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Premiere Elements 4.0 supports the .MOD file format, but you may still need to have the camcorder connected to your computer for the capture/import to work. Meaning, I don’t think you can just open up a .MOD file from your hard drive within Premiere Elements 4.0. Premiere converts the file format upon capture/import from the camcorder. I believe that’s correct in what it does specifically. But, I know for a fact the Premiere Elements 4 says it supports .MOD.