A:  Note:  The placement of the time varies according to whether it is Win95 or below, as well as the form's size.  If the form is too narrow, this may write the time over the top of the control buttons (maximize, minimize, etc).

unit Unit1;

interface

uses
  SysUtils, WinTypes, WinProcs, Messages, Classes, Graphics, Controls,
  Forms, Dialogs, ExtCtrls;

type
  TForm1 = class(TForm)
    Timer1: TTimer;
    procedure Timer1Timer(Sender: TObject);
    procedure FormCreate(Sender: TObject);
    procedure FormClose(Sender: TObject; var Action: TCloseAction);
  private
    { Private declarations }
  public
    { Public declarations }
  end;

var
  Form1: TForm1;
  dc: hDC;

implementation

{$R *.DFM}

procedure TForm1.Timer1Timer(Sender: TObject);
var
  TheTime: array[0..80] of char;
begin
  StrPCopy(TheTime, TimeToStr(time));
  TextOut(dc, width DIV 2, 5, TheTime, StrLen(TheTime));
end;

procedure TForm1.FormCreate(Sender: TObject);
begin
  dc := GetWindowDC(handle);
end;

procedure TForm1.FormClose(Sender: TObject; var Action: TCloseAction);
begin
  ReleaseDC(handle, dc); {This *must* be manually released.}
end;

end.