System information
Format Description
Measures  and Beats Displays the ruler in measures.beats.ticks,   where 64 ticks = 1 beat.
To set the  tempo and number of beats per measure, use the Ruler tab 
in the Project  Properties dialog. For more information, see "Setting 
Project Properties" on page 53.
Feet  and Frames 
16mm (40 fpf)
Displays the  ruler in feet+frames at a rate of 40 frames per foot.
Feet  and Frames 
35mm (16 fpf)
Displays the  ruler in feet+frames at a rate of 16 frames per foot.
SMPTE  Film Sync IVTC 
(23.976 fps)
Displays the ruler in hours:minutes:seconds:frames  with a frame rate 
of 23.976 frames per second. This frame rate matches  the frame rate 
used when the inverse  telecine  process removes pulldown  from 
progressive-scan 24 fps (24p video).
This format will display  running film time correctly if you will be 
transferring your project to  film. To see running project  time, use 
SMPTE Film Sync (24 fps) or SMPTE Drop (29.97 fps).
SMPTE  Film Sync (24 
fps)
Displays the ruler in hours:minutes:seconds:frames  with a frame rate 
of 24 frames per second. This frame rate matches the  standard 
crystal-sync 16/33 mm film rate of 24 fps.
SMPTE  EBU (25 fps, 
Video)
Displays the ruler in hours:minutes:seconds:frames  with a frame rate 
of 25 frames per second. This is known as SMPTE EBU  (European 
Broadcasting Union) because European television systems run  at 25 
fps.
Use SMPTE  25 EBU format for PAL DV/D1 projects.
SMPTE  Non-Drop 
(29.97 fps, Video)
Displays the ruler in hours:minutes:seconds:frames  with a frame rate 
of 29.97 frames per second, which leads to a discrepancy  between 
real ("wall clock") time and the SMPTE time, because  there is no 
compensation in the counting system as there is in Drop Frame.
Use SMPTE  Non-Drop format for NTSC D1 projects that will be 
recorded on master tapes  striped with Non-Drop timecode.
SMPTE  Drop (29.97 fps, 
Video)
Displays the ruler in hours:minutes:seconds;frames  with a frame rate 
of 29.97 fps to match the frame rate used by NTSC television   
systems (North America, Japan).
Use SMPTE Drop Frame format for NTSC  DV/D1 projects.
Both SMPTE  Drop and SMPTE Non-Drop run at 29.97 fps. In both 
formats, the actual  frames are not discarded, but they are numbered 
differently. SMPTE Drop  removes certain frame numbers the 
counting system to keep the SMPTE clock   from drifting from real 
("wall clock") time. The time is adjusted  forward by two frames on 
every minute boundary except 0, 10, 20, 30, 40,  and 50. For example, 
when SMPTE Drop time increments from 00:00:59.29,   the next value 
will be 00:01:00.02.
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