Re: Generating an audio timecode track?

Visual timecode doesn't do anything for you other than provide a visual reference point....

The only way I can think of that you can do this on the cheap/free, is to send the audio to a recorder that has BWF ability, re-import that audio to Vegas with timestamps, and use a tool like Majax to extract the LTC.
I'm not aware of software that generates LTC, although it may well exist. We have several MOTU devices that manage MTC to LTC, perhaps you can rent/borrow from a local studio or house. Or have someone generate a track for you locally, it won't take long.

Douglas Spotted Eagle
VASST

Certified Sony Vegas Trainer
Aerial Camera/Instructor