Hi Manuela,
To down-rez HDV to DV, my personal experience would be to:
1) Export your sequence from FCP using 'current settings' [ie. as HDV and not to do your DV conversion yet]
2) Send the exported QT movie to Compressor and encode using a standard Anamorphic DV PAL preset [should be under the 'Advanced' formats]
3) Bring the encoded movie back into FCP and drop it on an Anamorphic DV PAL sequence.
Good luck with the festival.
Kai
FCP Editor / Producer with Intuitive Films
http://kai-fcp-editor.blogspot.com
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