Flex/AS3 problem with playing a simple video

Does anyone know how to play a simple video clip using AS3 of flex. At this point I do not want to purchase the flash builder studio. Is it really that complex to do. I only want to play a simple 340x280 vid clip using AS3. I have been trying 2 approaches flex and pure AS3. I am using the mxml compiler the first was a flex approach, the video file name is Video.flv the code is below:

<?xml version=“1.0” encoding=“utf-8”?>
<mx:Application xmlns:mx=“http://www.adobe.com/2006/mxml” layout=“vertical”
backgroundGradientAlphas="[1.0, 1.0]" backgroundGradientColors="[#FFFFFF, #000000]"
creationComplete=“service.send()” viewSourceURL=“srcview/index.html”>

 &lt;mx:Style&gt;
 	ComboBox {
	   color: #000000;
	   selectionColor: #ffffff;
	   rollOverColor: #cccccc;
	   textRollOverColor: #000000;
	   themeColor: #000000;
	}
 &lt;/mx:Style&gt;

<mx:Script>
<![CDATA[
import mx.collections.ArrayCollection;
import mx.rpc.events.ResultEvent;

	[Bindable]
	private var videos : ArrayCollection;
	
	private function resultHandler(event:ResultEvent):void{
		videos = event.result.videolist.video;
	}
	
	private function playVideo(event:Event):void{
		// videoDisplay.source = "assets/" + event.currentTarget.selectedItem.src;


			videoDisplay.source = "assets/Video.flv";
	
	}
	
]]&gt;

</mx:Script>

&lt;mx:HTTPService id="service" url="data.xml" result="resultHandler(event)"/&gt;

&lt;mx:VideoDisplay id="videoDisplay" width="320" height="240"/&gt;


&lt;mx:ComboBox&gt; 
      	&lt;mx:ArrayCollection&gt;
		 &lt;mx:String&gt;AK&lt;/mx:String&gt;
		 &lt;mx:String&gt;AL&lt;/mx:String&gt;
		 &lt;mx:String&gt;AR&lt;/mx:String&gt;
  		&lt;/mx:ArrayCollection&gt;
	prompt="Select a video ..." dataProvider="{videos}" 
	labelField="title" change="playVideo(event)" width="165"


&lt;/mx:ComboBox&gt;

/*
<mx:ComboBox>
<mx:ArrayCollection>
<mx:String>AK</mx:String>
<mx:String>AL</mx:String>
<mx:String>AR</mx:String>
</mx:ArrayCollection>
</mx:ComboBox>

*/

</mx:Application>

I then tried the AS3 solution recommended by adobe:

package {
import flash.display.Sprite;
import flash.events.*;
import flash.media.Video;
import flash.net.NetConnection;
import flash.net.NetStream;

public class VideoExample extends Sprite {
    private var videoURL:String = "Video.flv";
    private var connection:NetConnection;
    private var stream:NetStream;


    public function VideoExample() {
        connection = new NetConnection();
        connection.addEventListener(NetStatusEvent.NET_STATUS, netStatusHandler);
        connection.addEventListener(SecurityErrorEvent.SECURITY_ERROR, securityErrorHandler);
        connection.connect(null);
    }


    private function netStatusHandler(event:NetStatusEvent):void {
        switch (event.info.code) {
            case "NetConnection.Connect.Success":
                connectStream();
                break;
            case "NetStream.Play.StreamNotFound":
                trace("Unable to locate video: " + videoURL);
                break;
        }
    }


    private function connectStream():void {
        stream = new NetStream(connection);
        stream.addEventListener(NetStatusEvent.NET_STATUS, netStatusHandler);
        stream.addEventListener(AsyncErrorEvent.ASYNC_ERROR, asyncErrorHandler);
        var video:Video = new Video();
        video.attachNetStream(stream);
        stream.play(videoURL);
        addChild(video);
    }


    private function securityErrorHandler(event:SecurityErrorEvent):void {
        trace("securityErrorHandler: " + event);
    }
    
    private function asyncErrorHandler(event:AsyncErrorEvent):void {
        // ignore AsyncErrorEvent events.
    }
}

}

Does anybody in this forum have any idea how to accomplish this without the studio env. Does the code appear incorrect. Any help appreciated