Display MediaPlayback position?

Hello. I’m using a MediaPlayback component to play an FLV movie and the only problem is that there’s no indication for the user that the movie is loading. I’m thinking I would have some kind of “Loading” text display in the Flash animation until say three seconds after the movie has started playing. So right now I’m just trying to figure out how to get the Flash animation just to display the current position (play time) of the movie clip I’m working with. I thought CLIPNAME.playheadTime; was what I needed, but am having trouble getting it to work. Any ideas?