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Default NOW() function that is un-changing

Is there a =NOW() type of function that records the "now" time of when I
first enter it and doesn't update to the current date/time?

I'm trying to create a date/time log of certain events that displays the
date and time in hh:mm:ss - I only need to be accurate within a few seconds,
but the point is that =NOW() wouldn't work.

Any suggestions would be appreciated.
 
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