JavaScript Display the time in the status line

<HTML>
<HEAD>
<SCRIPT>
// This function displays the time in the status line.
// Invoke it once to activate the clock; it will call itself from then on.
function display_time_in_status_line()
{
var d = new Date(); // Get current time.
var h = d.getHours(); // Extract hours: 0 to 23.
var m = d.getMinutes(); // Extract minutes: 0 to 59.
var ampm = (h >= 12)?"PM":"AM"; // Is it am or pm?
if (h > 12) h -= 12; // Convert 24-hour format to 12-hour.
if (h == 0) h = 12; // Convert 0 o'clock to midnight.
if (m < 10) m = "0" + m; // Convert 0 minutes to 00 minutes, etc.
var t = h + ':' + m + ' ' + ampm; // Put it all together.

defaultStatus = t; // Display it in the status line.

// Arrange to do it all again in 1 minute.
setTimeout("display_time_in_status_line()", 60000); // 60000 ms is 1 minute.
}
</SCRIPT>
</HEAD>
<BODY onLoad="display_time_in_status_line();">
</BODY>
</HTML>