Media Components & Flash 4

Hi All,
First let me take minute and say hello to all. I’d like to see if anyone can help me out. I’m stuck and need a hand. The problem is this; I’ve added a Media Component to a frame in my .swf that accesses a .flv from my site. I created the .flv from a QT movie using the VX30 app from Apple’s website. When I test the movie I get this error:

WARNING: This movie uses features that are not supported in the Flash 4 player

I’m using Flash MX Pro 2004 on a iMac G5 dual core and I’ve recently installed Flash Player 9 (for OSX) from Adobe’s site. Am I stuck with Flash 4 Player in MX 2004 Pro? Is there a way to have MX use a more updated player, or am I really confused as to how the whole thing works? Thanks again for the help.