Up-side down and black and white footage

Hello all, I am really getting frustrated and when I import a video into Premeire I drag it to the timeline and the video is up-side down and black and white. I tried various project settings and I have searched the fourms but I cannot find a legitimate solution.

Any help would be appreciated!

 

Ryan

via Adobe Community : Popular Discussions – Adobe Premiere Forums http://forums.adobe.com/thread/1118871