Invalid default value for 'create_date' timestamp field

I have the following sql create statement mysql> CREATE TABLE IF NOT EXISTS `erp`.`je_menus` ( -> `id` INT(11) NOT NULL AUTO_INCREMENT , -> `name` VARCHAR(100) NOT NULL , -> `description` VARCHAR(255) NOT NULL , -> `live_start_date` DATETIME NULL DEFAULT NULL , -> `live_end_date` DATETIME NULL DEFAULT NULL , -> `notes` VARCHAR(255) NULL , -> `create_date` TIMESTAMP NOT NULL DEFAULT '0000-00-00 00:00:00', -> `created_by` INT(11) NOT NULL , -> `update_date` TIMESTAMP NOT NULL DEFAULT CURRENT_TIMESTAMP , -> `updated_by` INT(11) NOT NULL , -> `status` VARCHAR(45) NOT NULL , -> PRIMARY KEY (`id`) ) -> ENGINE = InnoDB; giving following error `ERROR 1067 (42000): Invalid default value for 'create_date'` What is the error here?