Additionally, MainActor VE treats picture lists as if they would have a local timecode feature. You can therefore set the timecodes of pictures. This is useful for quickly making a slide show as a preview of an animation or to set the timecodes prior to saving, so that the resulting animation automatically has the right timecodes associated to it.
You can change the local timecodes of the currently selected frame by choosing the Local Timecodes... item of the Frames menu.