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AVC is H.264. An h.264 decoder or AVC decoder would/should work on that file you exported.

I'll have to export something from Premiere Elements and take a look at it with MediaInfo to see what you see.

As you scroll through the text you'll see references to h264. On MediaInfo's Basic page you can click the link that takes you this web site: http://www.videolan.org/developers/x264.html