At this point in the hour , I think you have the tools to create basic text to suit your project. Once you've finished creating your text, select File, Save As and then select a location ”your "scratch disk" is a logical choice. Give it a descriptive name and then click Save.
Any newly created and saved text shows up automatically in your Project window with a page icon indicating it's a graphic. Drag it to a video track above your project. You can Alt/Option-scrub through the piece to preview it or use Premiere's new real-time preview feature by pressing Shift+Enter.
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