Embed font example for CS3

I’m trying to use the following script to embed a font in a CS3 flash file. When I publish and preview it, all I get is a blank screen :S Can someone tell me if this script is valid for AS3/CS3?

Thanks.

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package {
    
//import flash.util.describeType;
import flash.display.MovieClip;
import flash.text.TextField;
import flash.text.TextFormat;
import flash.text.AntiAliasType;
import flash.text.TextFieldAutoSize;
import flash.text.TextFormatAlign;
  
   public class Test extends MovieClip {
    
      // be sure this is pointing to a ttf font in your hardrive
      [Embed(source="Arial.ttf", fontFamily="foo", mimeType="application/x-font-truetype")] 
      public var bar:String;
                  
      public function Test() {
                    
          var format:TextFormat          = new TextFormat();
          format.font              = "foo";
          format.color                = 0xFFFFFF;
          format.size                 = 130;
                        
          var label:TextField         = new TextField();
          label.embedFonts            = true;
          label.autoSize              = TextFieldAutoSize.LEFT;
          label.antiAliasType         = AntiAliasType.ADVANCED;
          label.defaultTextFormat     = format;
          label.text                  = "Hello World!";
          addChild(label);
          trace(label.text);
       }
    }
}

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