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Default label with continually updated time

i'd like to but a label (?) on a user form which shows the current amount of
time lapsed
(ex: now, it might say: 1:00:00; and in 2 minutes, it would have updated
itself to say: 1:02:00; in three -1/2 minutes: 1:03:30...)

i'm gettting stuck in that i can't figue out how to have the time
continually update itself:

thanks in advance
mark


 
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