Preloader not appearing

Ok, so I have a swf file (called home.swf) that loads into another file (index.swf). Home.swf has a preloader, but it does not appear, rather it waits until it is finished loading and then shows the content appropriately.

Now, I know what you’re thinking: something must be exporting into the first frame. No, it is not. Even though I used no components (even the preloader is just a movieclip), I went through and told everything (except the preloader and its elements) not to export in the first frame. I have also tried telling the preloader and its elements TO export in the first frame.

Adding to the intrigue, when the home.swf is run by itself, the preloader appears just fine, the problem only seems to occur when I’m loading it into index.swf.

Any thoughts?