Loadmovie into a movie clip but in the middle of the movieclip instead of the topleft

I have a movie clip that loads a movie.

For example: loadMovie(“news.swf”, _root.loader);

I want the news.swf to load into loader MC. It does, but it loads from the top left of the MC. I want it to load from the very middle of the MC. I tried to make the MC’s point*(I forget what that is called when you create a symbol and select what point you want it in[top left, left, bottom left, middle, bottom mid, top mid, top right, right, bottom right…etc])* in the middle. It didnt help though… Any idea on how to make a movie load from the middle of an MC? Or an alternate idea.