Adobe PREMIERE 5 User Manual page 189

When you release the mouse button, Premiere updates the In and Out points for the
adjacent clips, displaying the result in the Monitor window and maintaining the clip and
program duration. The only change to the clip you moved is its position in the Timeline.
Note: You can't use the slip and slide tools directly on audio clips, but when you use the slip
and slide tools on video clips, any linked audio clips will be adjusted to match the video.
Splitting a clip
You can split a clip in the Timeline by using the razor tool. Splitting a clip creates a new and
separate instance of the original clip. It can be useful when you want to use different effects that
can't both be applied to a single clip, such as different clip frame rates. When you split a clip,
Premiere creates a new instance of the clip and any clips to which it is linked.
Note: If you want to change filter settings over time, you needn't split the clip; you can apply
keyframes to a single clip instead. See "About video filters and keyframes" on page 291.
To split a clip:
Do one of the following:
Position the edit line where you want to split a clip and choose Edit > Razor at Edit Line.
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Select the razor tool ( ) and click a clip in the Timeline where you want to split it.
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