Displaying Images in Flash from a URL?

Hi,

is it possible to display an image in Flash dynamically that is at a specific place on the web if you have it’s location?

for example if I have MySite.com\mypicture.jpg is there anyway I can show mypicture.jpg in Flash without having to import the picture into Flash manually?

If so how would I go about doing this - does anybody have a tutorial of this?