QuickTime effects

If you have QuickTime 4 or later installed, Premiere gives you access to several QuickTime Effects. You apply these effects the same way you apply Premiere effects; however, you adjust the QuickTime effects within a QuickTime dialog box that launches when you initially apply the effect or click Setup in the Effect Controls palette. For information about the QuickTime effects, launch QuickTime Player and consult Online QuickTime Player Help or Apple Technical Support.

Applying Effects > Video effects included with Premiere > QuickTime effects