WinTLV

WinTLV allows you to make time lapse videos using almost any Windows 9X video capture system. Video files conform to the standard AVI format, allowing you to share these files with other Windows users who will not require additional replay software.
WinTLV is an ideal educational tool allowing you to devise memorable, practical experiments. Other uses include long term studies or security applications.
WinTLV Features:

WinTLV offers time-lapse, real-time and animation recording modes for maximum flexibility.
WinTLV also features a command line interface to allow sophisticated video applications to be built using simple batch files.
WinTLV allows you to select the picture interval from 1/4 of a second to one day.
You can also choose the video compression method used to optimize disk usage.