Display assets in multiple Project panels, each with its own graphical or text view setting. Therefore, we must trim the end of one and beginning of next, and then that 'unseen' footage is available to create a transition with, think of it as unseen overlap. With the 64-bit, GPU-accelerated Adobe Mercury Playback Engine and an unparalleled toolset, Adobe Premiere Pro CS5.5 sets a new standard in editing efficiency. Butting two complete, untrimmed clips end to end, there is NO OVERLAP, so no way to make a transition between them. Premiere Pro now uses single track editing, and believe me, when I updated years ago, I went through the same learning curve you are! Was hard to get used to. And then the Dissolve was dropped between track A and B, at the overlap area. If you wanted a 1-second transition, the 'overlap' needed to be 30 frames. So, if you wanted a dissolve or wipe between two clips, one clip would be on A and the other on B, and looking at the timeline, the end of Clip A would OVERLAP the beginning of Clip B. You would have TWO video tracks, A and B, and between them, a Transition track where effects would go.
Maybe it will be helpful to explain how Premiere worked many years ago, which was how most editors worked at the time, using A/B editing.
