MY Files won't show up in After effects after rending from premier pro using dynamic link .

while editing a project in premier i use after effects for other effects in my project. when i press render to after effects a rainbow screen pops up not letting me edit the clip in after effects at all. ive tried to convert the files to avi.  from MOV they then showed up in after effects but not premier. im having the hardest time with this. both my after effects and premier been updated my mac is updated. im just trying to figure this out so i can edit my projects using both after effects and premier.