First of all you will need a large hard drive ( 80 gig or there abouts)to store the video. Next as vhs is an analogue signal then you will need a video capture card and the software to edit the film.The capture cards and software vary in cost from £40 - £50 to large sums. ie several hundred quid so you will need to check your pocket depth before you get carried away with this project.
If you have a Scart socket you can get a Scart to Phono adaptor cable (often included in a video editing cable pack) and connect into the video / audio sockets on your PC. You then transfer as you would from a video camera via appropriate software.
The cable I use for video transfer has a yellow connector for the video and red and white for the audio (stereo channels).
Alternatively you may have Phono outlets on your VCR which will also suffice to connect both video and audio.
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