How do you set a default value for a MySQL Datetime column?

How do you set a default value for a MySQL Datetime column?
In SQL Server, it's getdate(). What is the equivalant for MySQL?

The DEFAULT value clause in a data type specification indicates a default value for a column. With one exception, the default value must be a constant; it cannot be a function or an expression. This means, for example, that you cannot set the default for a date column to be the value of a function such as NOW() or CURRENT_DATE. The exception is that you can specify CURRENT_TIMESTAMP as the default for a TIMESTAMP column.

1. Create table

Create table test
(
  id integer,
  CreatedOn TIMESTAMP DEFAULT CURRENT_TIMESTAMP);

Or  get around the problem using a trigger,Create trigger to set value everytime new row is inserted.

CREATE TRIGGER TRIG_test_CreatedOn

BEFORE INSERT
ON test
FOR EACH ROW

SET NEW.CreatedOn = NOW();

2. Existing Datetime column?

CREATE TRIGGER TRIG_test2_CreatedOn

BEFORE INSERT
ON test2
FOR EACH ROW

SET NEW.CreatedOn = NOW();

Or

alter table   test2  CHANGE COLUMN  CreatedOn CreatedOn TIMESTAMP NOT NULL
 DEFAULT CURRENT_TIMESTAMP ON UPDATE CURRENT_TIMESTAMP;