Yes. Serato Pitch 'n Time Pro works with all six different formats of SMTE Time Code: 30 (frames per second) fps; 30 fps Drop Frame; 29.97 fps; 29.97 fps Drop Frame, 25 fps (EBU) and 24 fps. A Timecode Region has been specified in the Plugin Interface. Just select your desired end time position time code, and the plugin will calculate the required time stretch. Check your Protools Manual for more information on SMPTE Time Code.