Is it possible to do this Sony Vegas effect on After Effects/Premiere?

Imaginary

New member
I'm trying to do the "sparkle" effect where pretty much there is a random animation with a black background that disappears when you set it to "overlay" like these: http://www.youtube.com/watch?v=4vEMb-_HyoI...It seems pretty simple enough but I can't figure it out on Premiere or After Effects (I'm new to Adobe).

Help would be appreciated asap! Thanks. (:
 
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