iMovie can import movies directly from your hard drive, too—no camcorder needed. Position the iMovie window so that you can see the movie files in the Finder, and then drag their icons directly onto an Event in the Event list.
Alternatively, use the File → Import → Movies command to find and select the movies you want to import. You'll be asked at that point which Event you want to contain the imported flicks.
Either way, you wind up with your digital movie files installed in an Event and ready to edit.
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