How Drop Frame Timecode Works
When you use drop frame timecode, numbers :00 and :01 are skipped at the
beginning of each minute, unless the minute number is exactly divisible by 10. The
dropped numbers do not appear in the timecode fields in Final Cut Pro because
they’ve been dropped and are not on your tape.
If you’re entering timecode to navigate and inadvertently type a timecode number
that doesn’t exist in drop frame timecode, Final Cut Pro automatically moves forward
to the next available timecode number.