Is it possible to create a movieclip dynamically in the library

hi everbody,

i am working on a flash project can anybody tell me tht is it possible to create a movieclip dynamically so tht i can i include tht in my library and further use it… i need to know this cuz i dont have enough time… plz anybody help me…

i repeat is it possible to create a movieclip dynamically in the libraray… and i m working on Flash MX 2004…

see u…