Hey, I've been searching the web and posted different forums about how to create virtual clips in premiere 7.0. For all what I can understand they have removed the Block Select tool in this new version and replaced it with something different. I want to know what they have replaced it with. Because now I'm applying the effect on all my 50 clips instead of just making a virtual clip and just applying the effect once.
If somebody knows what I should do, please reply because I'm getting a bit frustrated with this problem.

I found a page where it stated: "Another plus you'll notice right away is Premiere 7.0 Pro's newfound ability to handle multiple timelines -- now called sequences -- and the ability to apply an effect to an entire sequence. No more futzing with those old Virtual Clips from Premiere's non-Pro past. "...... but I still cant figure it out... so... help me .. please