Apple Final Cut Pro 7 - Manual (Page 141)

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Creating Voiceovers
Final Cut Pro provides the Voice Over tool for recording
voiceovers for documentaries, shorts, and any other kind
of movie using narration.
In this section, you’ll use the Voice Over tool to add a narrative track to your video.
Add Voiceover Clips Jump In:
The Voice Over tool appears in the Tool Bench window and provides the following
options for recording speech and audio.
Record/Stop button
Status area
Headphones area
Audio File area
Input area