To create graphics for FCP:

1. Work in Photoshop at 720x534, 72dpi.
2. Name that file with 534 at the end of it.
3. When you are ready to bring it into FCP, resize to 720x480 (for DV) and name it 480. It will look squished.
4. Import this 480 file into FCP and it will fine in FCP and your NTSC monitor.
5. If you need to make changes alter the 534 file and resave it to the 480 file and re-import.
FCP does not automatically convert upon import and you need to do it manually.

Also be aware that white and black levels are also not corrected for.

Values of 0 and 255 for black and white are illegal when brought into FCP.

-Chris
Studentfilms.com