CS5 has so many improvements across the entire product line. But, one of the best is a continuation of a feature from CS4 called Dynamic Link. By using Dynamic Link, you can jump between Premiere Pro CS5 and After Effects CS5 without having to render sequences or compositions! Now that’s streamlining your workflow!
In the above example, I started in Premiere Pro CS5, select two trimmed movie clips. By right clicking on the clips, I used the Replace with After Effects Composition to send them to After Effects CS5. (After Effects does not even have to be open beforehand.) In After Effect, I am asked to name a new composition and then the selected trimmed clips automatically appear carrying the settings from the Premiere. Just do your work in After Effects, save the composition and jump back to Premiere. Simple!
Adobe Dynamic Link is also available in both Premiere CS5 and After Effects CS5 from the File drop-down. You can either start with a brand new file or import an existing one.
A couple issues to know!
1. Dynamic Link appears to work one way at a time. Making changes in one program and sending them back to the other works great. However, making continuous changes in both programs will eventually break the link. Just start a new dynamic link and you are good to go.
2. Be sure to save with each program jump!!! When I reopened the above file in Premiere the next day, Premiere lost track of the modifications in After Effects. But, because I save the After Effects compositions, I just clicked on the assets in the Resource Panel and Linked Media.
3. you will need a 64-bit operating system with plenty of Ram to keep juggling all of these files. But, if you have it, flaunt it and save some time in the process!
Now to the Video!
This CS5 video by John Dickinson from Adobe Australia provides a great explanation of the workflow.
This CS4 video by Adobe Evangelist Jason Levine provides another look jumping between Premiere, After Effects and even Photoshop.