Levels like photoshop?
 

I am trying to use the video levels but not seeming to get the desired effect. In Photoshop the levels window gives you 3 arrows you can slide, deepen the blacks, brighten the whites, or adjust the mids to be lighter/darker. I am trying to affect my mids in premiere...but it seems its only the extremes that get changed. How do I lets say bright up my mid tones without totally washing out the rest of the video?

What version of premiere?

Premiere CS3

Within "Fast color corrector" there are the same 3 arrows and slider as you describe in Photoshop.