AS3 Preloader to AS2

I have a simple AS3 preloader script that i want to convert to AS2.

sectionLoader = loader component that loads external SWFs
percent_txt = dynamic text field that indicates loaded percentage

Every SWF that loads into sectionLoader is being preloaded.

Any help is appreciated.
Thanks!


sectionLoader.addEventListener(ProgressEvent.PROGRESS, largeSectionPreloader);
function largeSectionPreloader(event:ProgressEvent):void {
    var percent:Number = Math.round((event.bytesLoaded*100)/event.bytesTotal);
    percent_txt.text = percent +"%";
    if(percent==100){
    percent_txt.alpha=0;
        }
}