No. Premier is an editing program where After effects is a special effects program. When used together they go hand in hand.
If you plan on sending lightning through someone: After effects. If you plan on making a simple movie with basic color correction: Premier.
If you plan on making a movie with awesome special effects: Both.
I would recommend a software called "Adobe premier Pro CS4" or "Adobe After Effects Pro CS4".
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Adobe Premier Pro is used by customers that require a professional video editing software. This is a multi platform software that comes with after effect, photoshop and many other features.
Adobe Premiere Pro and Adobe After Effects.
The Adobe Premier Pro cs5 can be downloaded from sysfilm.com
There are many different types of Adobe fonts available for consumers. Some examples of Adobe fonts are: Arno Pro, and another example is Garamond Premier Pro.
Windows Movie Maker effects cannot be transferred or imported into Adobe Premier. ( I don't know why you would want to either) Premier offers many more effects than Windows Movie Maker does. Are you sure you are looking at all the effects Adobe Premier is offering?
EZTiltles,MacCaption & CaptionMaker, Subtitle Edit,Aegisub,Adobe Premiere Pro,Adobe After Effects,Final Cut Pro, Adobe Audition
When Adobe Premier Pro CS3 will not export a movie that a person is trying to compile, try downloading another Adobe program that will help like Adobe Air, or Adobe Flash player.
Sorry i ment adobe after effects
Final Cut Pro is the best editing system and for effects is Adobe After Effects.