DigitalDean - if you're going to be watching your edited video on a TV don't worry about it, you probably won't be able to see the extreme edge of the picture anway.
If it's not for TV or you can see the affected region, Premiere will do that no problem, just use the crop effect to crop the bottom by a few pixels, choosing a suitable colour to replace them with.
If you want to slide the image down and have the bottom pixels at the top... that's possible too, but probably not worth it.
Sam - It's probably worth searching the forum for the answer to that question, I think your post will be lost in this thread as it's unrelated to the original subject. If there's no answer from a search, start a new thread.
Panasonic SD9, Panasonic NVGS-75, Canon MV600i