[Rat]

Кидаешь на форму таймер. Далее:

Код:

unit Unit1;

interface

uses
  Windows, Messages, SysUtils, Variants, Classes, Graphics, Controls, Forms,
  Dialogs, ExtCtrls, StdCtrls;

type
  TForm1 = class(TForm)
    Label1: TLabel;
    Timer1: TTimer;
    procedure Timer1Timer(Sender: TObject);
  private
    { Private declarations }
  public
    { Public declarations }
  end;

var
  Form1: TForm1;

implementation

{$R *.dfm}

procedure TForm1.Timer1Timer(Sender: TObject);
begin
  Label1.Caption := TimeToStr(Time);
end;

end.