Importing video into Flash


I have a PowerPoint presentation that has video included and need to recreate it in Flash. I have the video in WMV format and am thinking the best way to have the video play in the flash presentation is to “Embed video in SWF and play in timline” especially since I have to add text and image effects. Or is there a better way to do this?

I’m also having a hard time importing the video especially due to the Flip4Mac WMV Player putting a watermark in the video. Is there a way that I can put use Actionscript to play the video at the beginning (and end) of the Flash presentation and then play the rest of the Flash slideshow?

Any help would be greatly appreciated!!

Thanks so much!