Which video editing program to use?

[jtltoy]

I'm new at this, so bear with me. I want to put my VHS home movies on a CD, and later to a DVD. One of the movies was taken with a 8mm camera and transferred to VHS. Well, 8mm cameras don't take great pictures. I want to be able to lighten, darken, or just clean up the video. I currently have Ulead 5.0 and Video Factory 1.0. Neither of these will let me change brightness, contrast, etc. I looked at some software from Magix, which says it will let me do just that. Is Magix a good software or is there something better out there?

WIN98 SE
K7S5A (ESC)
1700 AMD XP
40 gig hard drive
256 SDRAM (PC133)
ATI All in Wonder 7500
Cen-Dyn CD-RW
21" NEC monitor

[afish]

I use Premiere but honestly I've found the best program with the best filters to clean up old video is Virtual Dub. You cant make diamonds out of rocks but you can clean it up a lot. Quite often with old VHS I'll edit in Premiere and frameserve to Virtual Dub and add the filters and then frameserve again from there to TMPGEnc all in one operation.
And except for Premiere there all FREE