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I find it easiest to add the timecode effect to a transparent track that covers the whole sequence, then you need not worry about Clip or Media settings.
Thank you very much . Inside Project panel. Right Click- New Item- Transparent Video. And It works now
Is Transparent Track, is same as Transparent Layer ?
File / New / Transparent Video. Put it on the topmost track, drag the duration to cover the complete sequence length.
Then add the Timecode effect and drag it onto the transparent video and format it as you like. It has the advantage that you can easily toggle visibility on or off.
Thanks, The Time Code is working..
Glad to have been of help. Happy editing.