PAL codes were used through version 2.x of UFT. It can be found on all CDs although the main installation CD should have the main PAL code. On the installation CDs I have, the PAL code is always on the bottom half of the CD, directly above or below the Palladium logo.
Version 3 of UFT does not have a PAL code. Instead there is a product code that starts with either UFP or UFT.