Loader Component Help Required!

Hello!

I have placed the loader component in a frame which loads an external .swf file. Because the external .swf is quite large I want there to be some kind of indication of loading.

I inserted the following code:

Note:[loader instance name = Loader], [dynamic text, var = Percent]

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//Frame 1 Actionscript

Loader.load(“external.swf”);
Percent = Loader.percentLoaded;
if (Loader.bytesLoaded == Loader.bytesTotal){
stop();
}
else
gotoAndPlay(“Scene1”, 2);

//Frame 2 Actionscript

gotoAndPlay(“Scene1”, 1);

===============================

What appears in the Dynamic text when I test the movie is the value 0!!

Can anybody help me get this thing working??

Thank you in advance!