This option rocks! But I have a problem when I replace the footage in Premiere with an AE composition for adding effects like Timewarp or Twixtor. For example, I'm replacing an edited part of a clip whose duration is 5 seconds and goes from 0:35 to 0:40 sec of the entire movie clip, but, the instant I put a twixtor or timewarp effect the timeline gets screwed. It doesn't go from 0:35 to 0:40 sec, but God knows from where, for example it suddenly starts from the beginning or whatever and everything becomes pointless.

I found a way around this problem by exporting the clip in premiere, putting it again in premiere instead of the edited part and then replacing it, as a whole, with an AE composition...
But there has to be a simpler way to make this work?

Thanks everybody,
Mladen Ilic

The problem is that both Timewarp and Twixtor work based on timecode, so if you have a different timecode in your clip that you are replacing, they will be messed up.