I managed to get it working.
Here is what I did:
Using ulead video studio editor.
Click on ‘capture’ (at top)
Click on ‘format’.
Choose ‘DVD’ (in my case)
Click on ‘options’.
Choose ‘video and audio capture settings’.
On ‘input source’ choose ‘video composite’.
If the tape is playing the image should appear.
Post a

if you have found this useful.