Jan 7, 2014
Today, I sat down with Fraps and tried to record gameplay. When I was done recording, I compressed the video file with VirtualDub using the XVid Codec. This is when the problem starts. When I open up Premiere Elements 10 and try to import the file it won't work.

The error is: "This type of file is not supported, or the required codec is not installed".

Is there a different codec I should install or should I try another professional video editing software like Vegas Pro? I know Windows Movie Maker can read it, so I'm not sure why a payware like Premiere Elements wouldn't read it.

Have you tried re-encoding with something like Handbrake or MPEG Streamclip? Both of those are free downloads. Download from handbrake.fr and squared5.com. XVid is not an ideal format for editing.