This happened on a 2 camera shoot at a Speedway meeting the guy on the second camera doing the starts on the centre green had his camera switched to night vision
In post production I managed to get colour back in it and was quite watchable on its own but it looked bad against the other camera work that we decided not to use it in the final film, but I,m sure you could retrieve your's to be worth watching but it does take a long time
Put it on the time line and import the Red, Blue and Green colour changes and play around with them, its trial and error and as I say does take a long time, it will be worth the effort when you've done it
What editing programe do you use
3.2 Ghz P4 800FSB CPU, 2Gb DDR400 PC3200 memory, 128Mb AGP ATI Radeon 9200 DDR Graphics, 40 Gb H/D, 250 Gb H/D, 1.5 Tb H/D, NEC ND-2510 dual layer DVD 8X, LG Gsa-4081B DVD, Creative soundblaster live, Windows XP SP1, Premiere Pro, Premiere Elements 2.