Buying Lightroom + Photoshop Elements / Premiere Pro + MC CS5 ?

Hi Community,
i would like to know if it makes sense buying Lightroom 3 AND Phtoshop Elements AND Master Collection CS5 ?
I will definately buy soon the CS5 Master Collection, but do the other tools have possibilites / functions and stuff the Master Collection doesnt have  or cant be done with the Master Collection ?
If YES, what are the main differences between LR / PE and the CS5 ??
I have read the product informations for all three mentioned tools, but still can not decide wheather the Master Collection does include the functionality the other two products do (in my opinion and according to the MC CS 5 slogan: the MC CS 5 ist the ultimate software tool that can be everything done with!!!)
Hope for fast reply and wish you an nice weekend.
regards
MC

I got PSE 8 which is way more than I need, and then downloaded the trial of Lr3 - which I love. Pse 8 will do advanced when for me when the time comes.  Investigate the features of these two - and see if you actually need MC CS to save money...

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