Simple Time function and ajax page caller

My Js

var myobject;  
try{  myobject=new ActiveObject("Microsoft.XMLHTTP");  }  
catch(e)  {    try{  myobject=new ActiveObject("Msxml2.XMLHTTP");    }   
catch(e)    {        myobject=false;    }  } 
if(!myobject)  {    myobject=new XMLHttpRequest();  
}    

function getPages(page,location)  
{    var loca=document.getElementById(location);  

myobject.open("GET",page);     

myobject.onreadystatechange= function()    

{   
	if(myobject.readyState==4 && myobject.status==200)     {       
		
		loca.innerHTML=myobject.responseText;    
		}       
		}          myobject.send(); 
		}  
		
		function time()  
		{  var time=new Date();  /*var day=time.getDay();  var month=time.getMonth();  var year=time.getYear();*/ 
		var h=time.getHours();  var m=time.getMinutes();  var s=time.getSeconds();  var am_pm="AM"; 
		
		if(h>12)  {    h=h-12;    am_pm="PM";  }  
		
		else if(h==0)  {    h=12;  } 
		
		if(m<10)  {    m="0"+m;  }  
		
		if(s<10)  {    s="0"+s;  }  
		var position=document.getElementById("keep_time"); 
		
		position.innerHTML="Time  is "+h+":"+m+":"+s+" "+am_pm; 
		setTimeout('time()',1000);  }    time();