Whenever people want help with Premiere Pro it makes a massive difference if we know what version you are using – as they are different in capabilities and even effects listings.
I’m pretty sure version 1 (which I am assuming you are using) has the “timecode” effect in the video effect folder. By default it will use the clips timecode as a BITC.
If you want to make a timeline based BITC then you’ll want to add a transparent layer and apply the “timecode” effect to that. If the number need to start ticking over from another number other than the 00:00:00:00 default then use Generate and type in the numbers you want it to start from.
If you do want to use the clips actual timecode that is on the tape you need to apply the effect in its default on every single clip. I’d add it to one clip, see that it works the way you want and is in the position you like and size, opacity etc, then copy the clip, select all the other clips – paste attributes.
– Jon 😉
How many editors does it take to change a light bulb?
http://www.jonbarrie.net