As mentioned, datetime fields are numbers*. Zero (0) corresponds to the date 1/1/1900. That is why 1/1/1900 shows up in a default display when only a time has been stored in the datetime field.
*From SQL BOL: "Values with the datetime data type are stored internally by Microsoft SQL Server as two 4-byte integers. The first 4 bytes store the number of days before or after the base date, January 1, 1900. The base date is the system reference date. Values for datetime earlier than January 1, 1753, are not permitted. The other 4 bytes store the time of day represented as the number of milliseconds after midnight.
"The smalldatetime data type stores dates and times of day with less precision than datetime. SQL Server stores smalldatetime values as two 2-byte integers. The first 2 bytes store the number of days after January 1, 1900. The other 2 bytes store the number of minutes since midnight. Dates range from January 1, 1900, through June 6, 2079, with accuracy to the minute." Terry L. Broadbent
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