Need help with simple menu element

I’m new to flash, but currently started working on web page for my corp.

I need to create a button, that will bring to stage a frame (simple rectangle) with some text written on it. The frame has to have squeeze and elastic transitions, so when you press the button it launches to the stage, bounce a little, and stays on stage (stops, so text could be read). When you press the same button again it hides in the same way (with squeeze and elastic).
I know this is simple, but I would appreciate any help ;).

As a sample, I attach .fla —> this kind of shows how the menu is suppose to close. Doesn’t matter that it is a button itself ;). I just don’t have the “open” and “stay” states figured out.

Is there any way to control the amount of effect (bounce, squeeze, zoom, etc.) ???

Thanks for all your help!!!