Timed Run schedules applications to be run at specified times/frequencies 
This application is obsolete.  Under Windows 95/98/NT use Systems Agent to schedule applications to be run at scheduled times.  Under Win 3.1 this application is still useful.

The typical Timed Run screen appears as shown below.

The TimedRun.Cfg file defines what is to be run and when. 
The configuration entries for the above are shown below.

Here you can see how an application is setup to run and how the time and frequency is determined.
Any application can be run, command line entries can follow the command to be executed.