Resize Video, both the file size and actual size

Hi All,
I am very new to Adobe Premiere (CS3). I have had it for a while but not needed to use until now. A client of mine has sent me a video that he wants on his website. But it’s 150M and 1280 * 720. Can anyone help me out with how I can resize both the file size and actual size to say 800 * 450 so it can stream it via the net?
Like I said very new to this,
Cheers,
Mike.

The first thing you need to do is determine just what KIND of file you were sent, so you may start a project that matches the file
Read Bill Hunt on a file type as WRAPPER http://forums.adobe.com/thread/440037?tstart=0
What is a CODEC... a Primer http://forums.adobe.com/thread/546811?tstart=0
What CODEC is INSIDE that file? http://forums.adobe.com/thread/440037?tstart=0
I don't do streaming video, so you should search the help file... I **think** what you want out is a Flash file, but that is only after you know what you are going to load into the CS3 timeline

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