Adobe Premiere Pro CC v.7.xx - Manual (Page 297)

Modifying clip properties with Interpret Footage
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Interpret footage
You can modify the properties of a clip by selecting options in the Interpret Footage dialog box.
For more information about using the Frame Rate options, see Change the frame rate of a clip.
For more information about using the Field Order options, see Change the field order of a clip.
For more information about using the Alpha Channel options, see Alpha channels and mattes.
Interpret footage
1. In the Project panel, right-click (Windows) or Ctrl-click (Mac OS) the clip for which you want to change a property.
2. Select Modify > Interpret Footage.
3. Select the options desired, and click OK.
Andrew Devis has provided a video tutorial on Interpreting Footage on the Creative COW website.
For more information about Interpreting Footage, see this video tutorial from Learn by Video and video2Brain by Maxim Jago.
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