Apple Final Cut Pro 7 - Manual (Page 492)

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To change the Out point, enter a new timecode number in the Timecode Duration field.
Final Cut Pro calculates the new location of the Out point by adding the duration you
entered to the timecode value of the In point. If no In point is set, the Out point will be
set relative to the beginning (Media Start) of the clip.
Timecode Duration field
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Click the clip in the Browser, then select either the In, Out, or Duration timecode numbers
and enter new ones.
In the Browser, enter
the relevant timecode
number.
You can also change the location of both In and Out points at the same time. The duration
of the marked media doesn’t change, just the location of the In and Out points. This is
commonly referred to as slipping an edit. You can slip edit points in both the Viewer and
the Canvas or Timeline.
To slip both the In and Out points together
Do one of the following:
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Hold down the Shift key, then drag the In or Out point left or right in the scrubber bar.
492 Chapter 33 Setting Edit Points for Clips and Sequences