Adobe Premiere Elements 12 - Manual (Page 131)

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must install those same effects on the other computer. When you open a project that has references to missing effects, Premiere Elements
removes the corresponding effects from the project.
Virtual Studio Technology (VST) effects let you add interesting qualities to audio clips. If you own third-party VST effects, you can apply and edit
them just like standard audio and video effects. Premiere Elements detects any compatible VST plug-ins that you have installed and adds them to
the Effects panel.
Some third-party VST effects provide unique control interfaces. The control layout and processed audio are the responsibilities of the plug-in
developer. Premiere Elements simply presents the effect controls and results.
To use third-party effects, copy the effect plug-in into the Premiere Elements/Plug-ins/[location] folder, and restart the program.
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