SMPTE offset not correct

I am using Logic Pro 9 to score film. The film begins at 00:59:49.00. I opened Project Settings, set the frame rate to the correct 29.97. Select the SMTPE offset option and set measure 1 to 00:59:49.00
I set the transport display to show the SMPTE offset below but when I hit play and then hit pause, the SMPTE displayed in the transport is slightly off (by a few frames it seems) from the burnt time stamp on the video.
What's wrong??? Is the video incorrectly stamped or is there a lead in that needs to be accounted for? Someone help pleaseeeeeeeeeee

It is not consistent in how many frames it is behind. Sometimes SMPTE offset will display 01:00:08:25 while the timestamp on the video reads 01:00:08:18...sometimes 3 frames sometimes 12.
I unchecked the pre-roll and it's still off.
No plugins, just the movie loaded and one software instrument track. Tempo is set to 120...all default settings
I/O Buffer set to 1012, tried others and it didn't make a difference.
Plugin Latency compensation is set to ALL

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I'm having a strange problem with a SMPTE offset for a video clip I am working on and I was wondering if anyone can help me out. Here's what I've done so far in Logic Pro (7.2.1):
1) Set the Sync Mode to Internal.
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3) Imported the video clip that can be found here in case you want to give it a try: http://www.andrew-munro.com/video/video.html
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