Hi, sjokar. Welcome to Muvipix!
It sounds as though you've got a mismatch between your camcorder and your project settings.
You set your project settings when you first start a project. Click on the Settings button at the New Project option screen. You'll find a setting there for widescreen standard-definition hard drive camcorder.
The first tutorial in my Basic Training with Premiere Elements series discusses project presets and how to use them.
http://muvipix.com/products.php?searchp ... 10&btn.y=2If you're still having problems, you can manually change the aspect ratio of your clips by right-clicking them on your timeline and selecting Interpret Footage and setting it to the correct PAR.