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Fix for common Final Cut Pro 7 import error

I recently encountered an error involving the use of Final Cut Pro 7 that has been discussed at great length on a multi-year forum thread posted on Creative Cow.

Dreaded File error: 1 file(s) recognized, 0 access denied, 1 unknown
Creative Cow Thread started on Oct 20, 2009

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Filed under Apple Software, Third Party Software, Troubleshooting, Video