This tutorial is based on Adobe Premiere 5.1 for Apple Mac. The Windows version is very similar but newer versions of Premiere (version 6+) are slightly different.

The capture window can be opened either from the file menu (file>capture>movie capture) or by pressing F5. If you wish to use device control (to remotely control a FireWire video player, for example) then you must turn this on (file>preferences>scratch disks and device control) before opening the capture window. if you are not using device control, the capture window will look much simpler than that pictured.
Without device control, your options are limited to recording, and stopping recording. With device control, you can still capture required footage as the tape plays, but you also have the option of setting exact in and out points for the recording.
By making sure the 'auto-record' box is checked, you can automatically capture between these points precisely, or log them in a batch list. A batch list is a file containing a list of in and out points, each with the name of the tape they refer to (in case you want to create a batch list split over several tapes), and a filename for each. You can also add comments if you wish. As each clip is captured, this will also be noted. In order to recapture a clip, you must change its status by clicking on the symbol on the left of its entry in the batch list.
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