When you create a new Adobe Photoshop file from After Effects, Photoshop starts and creates a new PSD file. This PSD file consists of a blank Photoshop layer that has the same dimensions as your composition, with the appropriate title-safe and action-safe guides. The color bit depth of the PSD file is the same as that of your After Effects project.
The newly created PSD file is automatically imported into After Effects as a footage item. Any changes that you save in Photoshop appear in the footage item in After Effects.
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