Jpg into swf - loaded into 2nd swf - error!

I’ve got a runtime jpg that I’m loading into a swf via loader.load() - works great.

However, when this primary swf is loaded into a secondary swf - via a button (MouseEvent.CLICK) I get the following error:

**Error #2044: Unhandled IOErrorEvent:. text=Error #2035: URL Not Found.

**The primary swf is loaded into the secondary swf when the button is clicked - just with the error above and without the jpg.

All discussed above is occuring as I test project locally.

Apparently, here is yet another concept in AS3 that I’m missing.

Help is appreciated. Thanks