Preloader for a movie instance?

Is there a way for a movie clip instance in a swf file to have it’s own preloader?

example:
mymovie.swf has an instance of mc_instance in it.
mc_instance loads different jpg files from an array of jpgs.
user has control over next or previous jpg file review.
since each jpg cannot have a preloader, is there a way for the mc_instance to have a preloader itself.
This is not a preloader for the whole movie on the main timeline.
This preloader is within mc_instance movice clip.

any help is grealy appriciated.

Thankx