A VERY GOOD AND HANDY TIMER CODE FOR FLASH 8 DEVELOPERS!!

//initial variables
var timing:Boolean = false;
var paused:Boolean = false;
var remaining:Number;
var elapsedTime:Number;
var elapsedHours:Number;
var elapsedM:Number;
var elapsedS:Number;
var elapsedH:Number;
var startTime:Number;
var remaining:Number;
var hours:String;
var minutes:String;
var seconds:String;
var hundredths:String;

if (!_root.timing) {
if (_root.paused) {
_root.startTime = getTimer()-_root.elapsedTime;
} else {
_root.startTime = getTimer();
}
//start timer
_root.paused = false;
_root.timing = true;
}
_root.onEnterFrame = function() {
if (timing) {
//calculate values
elapsedTime = getTimer()-startTime;
//hours
elapsedHours = Math.floor(elapsedTime/3600000);
remaining = elapsedTime-(elapsedHours*3600000);
//minutes
elapsedM = Math.floor(remaining/60000);
remaining = remaining-(elapsedM*60000);
//seconds
elapsedS = Math.floor(remaining/1000);
remaining = remaining-(elapsedS*1000);
//hundredths
elapsedH = Math.floor(remaining/10);
//output to text box
//add a 0 on the front of the numbers if the number is less than 10
if (elapsedHours<10) {
hours = "0"+elapsedHours.toString();
} else {
hours = elapsedHours.toString();
}
if (elapsedM<10) {
minutes = "0"+elapsedM.toString();
} else {
minutes = elapsedM.toString();
}
if (elapsedS<10) {
seconds = "0"+elapsedS.toString();
} else {
seconds = elapsedS.toString();
}
if (elapsedH<10) {
hundredths = "0"+elapsedH.toString();
} else {
hundredths = elapsedH.toString();
}
_root.timer_txt = hours+":"+minutes+":"+seconds+":"+hundredths;
}
};
time.onRelease=function(){
stop();
mytimer = hours+":"+minutes+":"+seconds+":"+hundredths;
};


Dont forget to put the button and the text field with respective instance names!!