Apple Final Cut Pro 7 - Manual (Page 59)

Chapter 3 Preparing Clips in the Viewer 59
Set the playhead at an exact frame in a clip by entering a timecode value:
In the Current Timecode field, enter a timecode value that matches a point in your
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clip. Enter a timecode value in the format 00:00:00:00 (hours: minutes: seconds:
frames). You can also enter just the second and frame values. For example, to specify
the frame at 3 seconds and four frames, enter “03:04” and press Enter. (Final Cut Pro
assumes that the value for hours and minutes is 00.) Experiment with entering
timecode values to learn how this works.
Current Timecode field
Change the duration of a clip by specifying a duration in timecode:
Enter a timecode value to specify the length of a clip. For example, to set the length of
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a clip to 3 seconds and four frames, enter “03:04” and press Enter. (Final Cut Pro assumes
that the value for hours and minutes is 00.) The clip’s Out point changes to match the
clip length that you entered. Press Command-Z to undo the change.
Timecode Duration field