If these are only a few frames, just export in PNG and then insert them to the Vegas timeline.
But if this is a full frame rate project, you will have to export all your frames from Photoshop in TIFF or PNG (jpeg is lossy), write a script to parse all the TIFF files in order and create an MJPEG video (possibly through ffmpeg or mencoder), and then load the MJPEG to Vegas.
Otherwise, you will have to do your graphics work inside Vegas with its limited graphics tools.
Your only other option is to buy Adobe CS3 and use After Effects which communicates directly with Photoshop.
You should import your frames as an image sequence.
I don't know if Vegas Movie Studio does this, but Vegas does.
I'm assuming you have a whole series of still frames that you have applied an effect to. Now you want those frames to be video file.
Make sure all the frames are in the same folder and are numbered sequentially.
When you import the files there should be a checkbox in the Import dialog that says something like "Import as Image Sequence." Check that. Now your frames will be set to the proper frame rate of the project.
If movie studio can't do this. Download the demo version of Vegas Pro and use that.
If you look for frameserving on the Vegas forum, you'll find more info.
Thanx for the reply. on a diff subject i'm interested in going thru the cert. program and i looked for the course on line.the book stores show the couse is for vegas 7. is that the most recent version of the course?