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The problem with converting Pal to NTSC is the difference in frame rates. Pal has a frame rate of around 25 fps and NTSC has a frame rate of around 28 (Can't remember exact rates). If you try to convert the file to NTSC it could end up twice as jumpy.
Try searching for a program called ReMPEG- it's a while since i used it but i'm pretty damn sure it will convert it for you. It will also allow you to alter the size of picture and bitrate for the movie so you can shrink or enlarge the file size
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