Ha ha ha...
My version is l33t.
I made a <a href="http://coolantx.hn.org/media2/bounce.avi">demo of it
That was with the Transform tool, with the position value keyframed to where I wanted to put the ball.
The ball was a red ball on a 640x480 canvas with a alpha background.
The title was made in Premiere using the title tool.
The picture in the background is lovely Misato.
Using the Alt key and dragging the scrub line along helped in viewing where the ball was headed. It's best to put in the begining keyframe and the ending keyframe first, that way all you need to do is adjust the height as needed as premiere automatically will start dragging the ball from the left to the right thanks to the keyframing.