For clipping in Vdub, you might try following astolat's instructions -- "Using VirtualDub to get clips out of a downloaded or ripped file that can be used in Premiere."
http://astolat.livejournal.com/51221.html
(You do not want to use "direct stream copy" of torrented files in vdub. Those will not be usable in Premiere.)
As far as exporting from Premiere, one option is to use one of the many compression codecs built in. Another is to follow the second part of astolat's instructions, "Using VirtualDub to encode a vid for online distribution."
You can find tons of other guides and helpful information here: http://www.animemusicvideos.org/guides/avtech/index.html
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http://astolat.livejournal.com/51221.html
(You do not want to use "direct stream copy" of torrented files in vdub. Those will not be usable in Premiere.)
As far as exporting from Premiere, one option is to use one of the many compression codecs built in. Another is to follow the second part of astolat's instructions, "Using VirtualDub to encode a vid for online distribution."
You can find tons of other guides and helpful information here:
http://www.animemusicvideos.org/guides/avtech/index.html