How to make imported .png smoother?

Hey ppl,

so I have (in this case) a logo I designed in Ps and saved it as a png. Then I tried to import that .png into my new Flash CS3. But here’s the thing. as soon as I re-size it and play around with it in Flash, it looks really really bad, i.e. not “smooth” at all!

I worked with flash 8 last year a little and I think I remeber that there was an option that smoothed out the edges on bitmaps… is that gone??

thanks,
ben