Importing into Squeeze

I've just downloaded a trial of Sorenson Squeeze 6.5 and in the quick start it says to browse and import, but I'm just wondering do I create a self contained QT from FCP and import that to be compressed? Or some other technique?

Many thanks

aka Newbie Wan Kenewbie. "The young Newbie, is now a Padawon."

System
Mac Pro 2.8Gb quad core
8Gb RAM
1x 320Gb 7200 hardrive
1x 1Tb 7200 hardrive
Nvidia Geforce 8800 512mb Graphics card
1x 1Tb external WD 'My Book' eSata

Equipment
Panasonic AG-HVX 200
Firestore FS-100

Excellent, thanks Craig.

aka Newbie Wan Kenewbie. "The young Newbie, is now a Padawon."

System
Mac Pro 2.8Gb quad core
8Gb RAM
1x 320Gb 7200 hardrive
1x 1Tb 7200 hardrive
Nvidia Geforce 8800 512mb Graphics card
1x 1Tb external WD 'My Book' eSata

Equipment
Panasonic AG-HVX 200
Firestore FS-100