Compatibility of Final Cut Versions

Hello,
I am an international TV Production student and have to edit my final documentary. So far, this is not really a problem, but the situation is, that I have to edit most of my work in Uni on the Macs there and the Final Cut Pro version, which they use is 6.0.4.
Just about a couple weeks ago, I have bought my own MacBook Pro and Final Cut, but the Version on my laptop is 6.0.5.
The footage is shot on a Panasonic HVX-500 in the DVC Pro format.
I would like to edit as much as possible in Uni on the Macs there and just in case if I am not able to finish it there, finish it off at home. My question now is, are these to versions compatible? Or is there anything I can do to adjust my version of Final Cut Pro to the 6.0.4 version - basically downgrade?
It would be very helpful if somebody could answer my question, because otherwise I will have a massive problem.
Thank you so much in advance.
Constanze

#45 - Opening projects with older versions of FCP
Shane's Stock Answer #45 - How to export your project to work with earlier versions of Final Cut Pro.
Versions of Final Cut Pro aren't backwards compatible. So a project created with FCP 6 cannot be opened with FCP 5...and this even goes into the dot-updates as well. A project created with FCP 5.1.4 cannot be opened by FCP 5.1.1.
Nope, for this you need to use XML. Export your sequence as an XML sequence and import that in the other version of FCP. XML v3 if for FCP 5.1 4 and FCP 6. XML v2 is for FCP 5.0, and XML v1 is for FCP 4.5. So if you need to go from FCP 6 to FCP 5.0.4, you'd use XML v2.
To export an entire project, select ALL the bins in the Browser and then choose FILE>EXPORT>XML.
Shane

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