diff --git a/crates/engine/src/cmd/file.rs b/crates/engine/src/cmd/file.rs
index e1f58a1cc..f5bae86d0 100644
--- a/crates/engine/src/cmd/file.rs
+++ b/crates/engine/src/cmd/file.rs
@@ -327,7 +327,7 @@ impl Prober {
             && self.report_missing_frames
             && let Some(gaps) = crate::sequence::missing_report(&f.sequence)
         {
-            warning = Some(format!("{name}: {gaps} (shown as placeholders)"));
+            warning = Some(format!("{name}: {gaps} (the previous frame is held)"));
         }
         // Settings ▸ Import ▸ Interpret Unlabeled Alpha As: images only (a 3D model renders its
         // own alpha, and audio and data have none).
diff --git a/crates/engine/src/tests/sequence.rs b/crates/engine/src/tests/sequence.rs
index cf6968e3f..c5faa232b 100644
--- a/crates/engine/src/tests/sequence.rs
+++ b/crates/engine/src/tests/sequence.rs
@@ -1,6 +1,6 @@
 //! Image sequences (#297): File ▸ Import with the "<format> Sequence" option, picked ranges,
 //! folders, Force Alphabetical Order, the import frame rate, Replace Footage, missing frames
-//! (placeholders, as in After Effects) and Interpret Footage ▸ Start Timecode.
+//! (they hold the previous frame) and Interpret Footage ▸ Start Timecode.
 
 use effectcraft_project::{Footage, FootageKind, ItemId, ItemKind};
 use effectcraft_time::{FrameRate, Tick};
@@ -62,12 +62,13 @@ fn one_picked_numbered_file_imports_its_run_as_one_sequence() {
     assert_eq!(name, "shot_[0001-0005].png");
     assert_eq!((f.kind, f.sequence.len(), f.alphabetical), (FootageKind::Sequence, 4, false));
     assert_eq!(f.path, at(&dir, "shot_0001.png"));
-    // Frames 1–5 at Settings ▸ Import ▸ Sequence Footage (30 fps); frame 3 is a placeholder.
+    // Frames 1–5 at Settings ▸ Import ▸ Sequence Footage (30 fps); frame 3 holds frame 2.
     assert_eq!(f.duration, FrameRate::FPS_30.tick_of(5));
     assert_eq!(f.sequence_file(2), None);
     // Settings ▸ Import ▸ Report Missing Frames.
     let w = r["warnings"][0].as_str().unwrap();
     assert!(w.contains("1 missing frame (3)"), "{w}");
+    assert!(w.contains("previous frame is held") && !w.contains("placeholder"), "{w}");
 }
 
 /// Picking every frame of a sequence used to make one item per frame (each a whole sequence on
diff --git a/crates/media/src/pool.rs b/crates/media/src/pool.rs
index b0b2f2539..9e10b4eb3 100644
--- a/crates/media/src/pool.rs
+++ b/crates/media/src/pool.rs
@@ -736,9 +736,9 @@ impl Inner {
         match footage.kind {
             FootageKind::Sequence if !footage.sequence.is_empty() => {
                 let i = Self::frame_index(footage.frame_rate, t, footage.sequence_frames(), footage.loop_count);
-                match footage.sequence_file(i) {
+                match footage.sequence_file_held(i) {
                     Some(path) => Loc { key: key(path, 0), media_t: None, float },
-                    // A gap in the numbering: colour bars, as in After Effects.
+                    // No file at or before the frame: colour bars.
                     None => Loc { key: key(PLACEHOLDER, ((footage.width as i64) << 32) | footage.height as i64), media_t: None, float },
                 }
             }
diff --git a/crates/media/tests/it/footage.rs b/crates/media/tests/it/footage.rs
index 0cae33417..7f0de6ae4 100644
--- a/crates/media/tests/it/footage.rs
+++ b/crates/media/tests/it/footage.rs
@@ -710,10 +710,11 @@ fn png_sequence_import() {
     assert_eq!(*img, load_png(&first.with_file_name("seq_0004.png")));
 }
 
-/// A gap in a sequence's numbering shows colour bars, as in After Effects; in Force
-/// Alphabetical Order the files play back to back (#297).
+/// A gap in a sequence's numbering holds the previous frame, as After Effects 2026 does (files
+/// 1, 2, 4, 5 show frame 2 at frame 3); in Force Alphabetical Order the files play back to back
+/// (#297).
 #[test]
-fn sequence_gaps_show_placeholders() {
+fn sequence_gaps_hold_the_previous_frame() {
     let dir = fixtures().join(format!("gap-seq-{}", std::process::id()));
     std::fs::create_dir_all(&dir).expect("mkdir");
     // Frames 1, 2 and 4: frame 3 is missing. Each frame is a flat grey of its number.
@@ -731,11 +732,8 @@ fn sequence_gaps_show_placeholders() {
     let at = |f: &Footage, n: i64| pool.frame_at(f, t_of(f.frame_rate, n)).expect("frame");
     let level = |img: &Image| (img.get(0, 0)[0] * 255.0).round() as u32;
     assert_eq!(level(&at(&f, 1)), 100);
-    // The placeholder: colour bars across the frame, starting with 75 % white.
-    let bars = at(&f, 2);
-    assert_eq!((bars.width, bars.height), (8, 4));
-    assert_eq!(bars.get(0, 0), [0.75, 0.75, 0.75, 1.0]);
-    assert_eq!(bars.get(7, 3), [0.0, 0.0, 0.75, 1.0], "blue on the right");
+    // The gap holds frame 2.
+    assert_eq!(level(&at(&f, 2)), 100);
     assert_eq!(level(&at(&f, 3)), 200);
     f.alphabetical = true;
     f.sync_sequence_duration();
diff --git a/crates/project/src/sequence.rs b/crates/project/src/sequence.rs
index 716c9b4fd..0b23d528f 100644
--- a/crates/project/src/sequence.rs
+++ b/crates/project/src/sequence.rs
@@ -114,6 +114,22 @@ impl Footage {
         self.sequence.get(k).filter(|p| frame_number(p) == Some(n)).map(String::as_str)
     }
 
+    /// The file an image sequence shows at its frame `i`, holding the last existing file across a
+    /// gap in the numbering (After Effects 2026: files 1, 2, 4, 5 show frame 2 at frame 3).
+    /// `None` only when no file precedes the frame (or there are no files).
+    pub fn sequence_file_held(&self, i: i64) -> Option<&str> {
+        if let Some(p) = self.sequence_file(i) {
+            return Some(p);
+        }
+        let first = self.numbered()?;
+        let k = self.first_file_from(first.saturating_add(i));
+        // The preceding number, then the file `sequence_file` picks for it (the first with that
+        // number), so files sharing a number (`shot_0002`, `shot_002`) don't switch at a gap.
+        let prev = self.file_number(k.checked_sub(1)?)?;
+        let j = self.first_file_from(prev);
+        self.sequence.get(j).filter(|p| frame_number(p) == Some(prev)).map(String::as_str)
+    }
+
     /// Set an image sequence's duration to its frames at its frame rate (after its files or
     /// frame rate changed).
     pub fn sync_sequence_duration(&mut self) {
@@ -131,6 +147,17 @@ mod tests {
         Footage { kind: FootageKind::Sequence, sequence: numbers.iter().map(|n| format!("C:\\shots\\a_{n:04}.png")).collect(), ..Default::default() }
     }
 
+    #[test]
+    fn a_gap_holds_the_file_shown_for_the_preceding_number() {
+        let mut f = seq(&[]);
+        f.sequence = ["a_0001.png", "a_0002.png", "a_002.png", "a_0005.png"].map(String::from).to_vec();
+        assert_eq!(f.sequence_file(1), Some("a_0002.png"));
+        // Frames 3 and 4 (numbers 3, 4) hold what number 2 shows: the first file with it.
+        assert_eq!(f.sequence_file_held(2), Some("a_0002.png"));
+        assert_eq!(f.sequence_file_held(3), Some("a_0002.png"));
+        assert_eq!(f.sequence_file_held(4), Some("a_0005.png"));
+    }
+
     #[test]
     fn numbers_and_names() {
         assert_eq!(split_frame_number("shot_0012"), Some(("shot_", "0012")));
diff --git a/crates/ui-egui/src/panels/forms.rs b/crates/ui-egui/src/panels/forms.rs
index 65d825b45..635ef9a43 100644
--- a/crates/ui-egui/src/panels/forms.rs
+++ b/crates/ui-egui/src/panels/forms.rs
@@ -310,13 +310,13 @@ fn interpret_footage_form(s: &effectcraft_engine::Session, proxy: bool, base: &m
             m.insert("pointUnits".into(), json!(c.units.id()));
         }
     }
-    // After Frame Rate: an image sequence's frames (missing ones show colour bars, as in
-    // After Effects), then Start Timecode.
+    // After Frame Rate: an image sequence's frames (a missing one holds the previous frame),
+    // then Start Timecode.
     let mut timing = Vec::new();
     if f.kind == effectcraft_engine::project::FootageKind::Sequence {
         let gaps = match effectcraft_engine::sequence::missing_report(&f.sequence) {
             _ if f.alphabetical => "files in alphabetical order".into(),
-            Some(gaps) => format!("{gaps} shown as color bars"),
+            Some(gaps) => format!("{gaps} (the previous frame is held)"),
             None => "no missing frames".into(),
         };
         timing.push(Field::note("sequenceInfo", &format!("Image sequence: {} files, {} frames; {gaps}.", f.sequence.len(), f.sequence_frames())));
@@ -1172,6 +1172,24 @@ mod tests {
         }
     }
 
+    /// Interpret Footage on an image sequence with a gap says the previous frame is held there
+    /// (what the media pool shows), not colour bars.
+    #[test]
+    fn interpret_footage_says_a_sequence_gap_holds_the_previous_frame() {
+        use effectcraft_engine::project::{Footage, FootageKind, ItemKind};
+        let mut app = EffectcraftApp::new(effectcraft_engine::Session::default());
+        let sequence: Vec<String> = ["/m/a_001.png", "/m/a_002.png", "/m/a_005.png"].map(String::from).to_vec();
+        let footage = Footage { path: sequence[0].clone(), kind: FootageKind::Sequence, sequence, width: 4, height: 4, has_video: true, ..Default::default() };
+        let project = std::sync::Arc::make_mut(&mut app.session.project);
+        let item = project.add_item("a_[001-005].png", Default::default(), None, ItemKind::Footage(footage));
+        app.session.state.project_selection = vec![item];
+        assert!(open_form(&mut app, "file.interpretFootage", &json!({})));
+        let note = app.dialog_state.form.fields.iter().find(|f| f.key == "sequenceInfo").map(|f| f.kind.clone());
+        let Some(FieldKind::Note(text)) = note else { panic!("no sequence note: {note:?}") };
+        assert!(text.contains("2 missing frames (3–4)") && text.contains("the previous frame is held"), "{text}");
+        assert!(!text.contains("color bars"), "{text}");
+    }
+
     /// Interpret Footage shows Cineon Settings for DPX footage only. The converted points show in
     /// the footage's Units, and choosing other Units reads the shown values in the old ones.
     #[test]
diff --git a/crates/ui-egui/tests/it/ui_drag_drop.rs b/crates/ui-egui/tests/it/ui_drag_drop.rs
index 42d0273f8..5a0d94ddf 100644
--- a/crates/ui-egui/tests/it/ui_drag_drop.rs
+++ b/crates/ui-egui/tests/it/ui_drag_drop.rs
@@ -667,8 +667,8 @@ fn new_composition_from_footage_makes_a_comp_of_the_picked_file() {
 }
 
 /// #297: a folder of frames dropped on the window arrives as one image sequence, and Interpret
-/// Footage shows its frames and Start Timecode (missing frames always show colour bars, as in
-/// After Effects: there is no Missing Frames choice). #431: dropped files import as stills, one
+/// Footage shows its frames and Start Timecode (a missing frame always holds the previous one:
+/// there is no Missing Frames choice). #431: dropped files import as stills, one
 /// item each, as in After Effects.
 #[test]
 fn a_dropped_folder_imports_as_one_sequence_with_sequence_interpretation() {
diff --git a/docs/agents.md b/docs/agents.md
index 124db6b80..9831ec031 100644
--- a/docs/agents.md
+++ b/docs/agents.md
@@ -302,8 +302,8 @@ build real projects through these interfaces; they are worked examples of everyt
   file's whole numbered run as one item (several picked frames: that range; a folder: each run in
   it, also without `sequence`). Without `"sequence": true` a picked or dropped numbered file imports
   as one still, as in After Effects; `"alphabetical": true`: Force Alphabetical Order, the files
-  play one after another) at `frameRate` or 30 fps (Settings ▸ Import). Missing frames show
-  colour bars, as in After Effects. `file.interpretFootage {"items":[id], "frameRate":12,
+  play one after another) at `frameRate` or 30 fps (Settings ▸ Import). A gap in the numbering holds
+  the previous frame, as in After Effects. `file.interpretFootage {"items":[id], "frameRate":12,
   "startTimecode":1001}` conforms them and sets Override Start (the item and layers that ran to its end get the new
   length). See [footage.md](footage.md).
 * **Colour of footage**: `file.interpretFootage {"items":[id], "preserveRgb":true}` is Interpret
diff --git a/docs/footage.md b/docs/footage.md
index e2effa996..7841dc84c 100644
--- a/docs/footage.md
+++ b/docs/footage.md
@@ -47,8 +47,8 @@ Stills of any format EffectCraft reads can form a sequence: PNG, JPEG, TIFF, Ope
 WebP. Layered and vector documents (PSD, SVG, PDF) import one by one.
 
 **Missing frames.** Where the numbering skips a number (`shot_0003.png` is missing between
-`0002` and `0004`), the sequence shows a placeholder of colour bars for that frame, as After
-Effects does, so every other frame stays at its number. Render or copy the missing files into the
+`0002` and `0004`), the sequence holds the previous frame (`0002`) there, as After Effects 2026
+does, so every other frame stays at its number. Render or copy the missing files into the
 folder and choose File ▸ Reload Footage to fill the gaps.
 
 Agents: `file.import {"paths": ["/shots/shot_0001.png"], "sequence": true, "frameRate": 24}`.