For: Premiere Pro CS5.5+

To transcribe a video’s audio in Premiere Pro CS6 do the following:

1. Select the media you wish to transcribe in the Project panel
2. Goto the metadata panel (Window Menu → Metadata)
3. Expand the last section labeled Speech Analysis
4. Click the Analyze button

For: Premier Pro CS6+

Sometimes when working in premiere it’s desirable to remove/hide the key frames and associated features from the editing timeline without collapsing the channel so you don’t lose the frame thumbnails.

Basically, change this:

Into this:

To do that, click the icon indicated by the arrow in the following image and select “Hide Keyframes” form the menu that pops up.