AddListener for external playback flv (when loading = mc.visible)

programming flash
1

Hi guys,
I am importing 4 videos flv with playback component. When a video is loading, I would like an mc to be visible (like a loading mc e.g.youtube) to be sure the users understands that it’s working and loading. But when it starts to play, the mc needs to disappear.

So I imagine something like this code is a start (it doesnt work but it can maybe help to illustrate what I want to do);

import fl.video.VideoEvent;

vid1.addEventListener(VideoEvent.LOADING.videoLoad );

function videoLoad(e:VideoEvent){
if vid1 = loading
mc.visible = true;
else
mc.visible = false;
}

Thanks in advance for the help !
TheVibe