Moving picture editing method, moving picture editing system and storing medium with moving picture editing programs stored therein

A moving picture editing method is disclosed, in which if one or two reference frames utilized for motion compensation of P or B frame, constituting a part of moving picture before editing and not deleted in edition so as to constitute moving picture after editing, is subject to error generation in processing although not subject to lack in edition, motion vectors in a range centered on each motion vector V before editing of the P or B frame, are searched for the motion vector V′ after editing corresponding to the minimum value of the difference between the motion compensated picture MC (X, V) before edition and motion compensated picture MC (X′, V′) after editing.