“What am I missing?”
The fact that both Jeremy and I were wrong 🙂
Timecode is an effect, not a script, that can be added like any other effect. To do as I suggested, right click the clip while it’s in the media bin, select MediaFX and then Sonic Foundry Timecode.
If you just want it on the timeline, the easiest way is to add it at the Track level (using the TrackFX icon in the track header).
Scripts are a very powerful tool though and something I encourage everyone to learn to use.
You’ll need to add a separate Script folder and point Vegas 4 to it.
The way I did was to go to the Calderwood site and download his (zipped) script package (all 98 of them!!) for Vegas 4. Make sure to get the Vegas 4 package as minor changes had to made to the scripts when Sony took over from Sonic Foundry.
Place the zipped folder inside the C:\Program Files\Sonic Foundry\Vegas 4.0 directory. Unzip it and it’ll create a new folder called Scripts.
Run Vegas and go Tools > Scripting > Run Script. Browse to the Scripts folder and select the ones you want to assign.
The beauty of Vegas 5 onwards is that all the scripts in your folder show up when you do this, not just 10. Another reason to upgrade!!
Be advised that any new scripts have slightly different wording (due to Sony’s takeover) and, while you can still use them, you have to make a very minor change to the script.