Preloader problem

i cant seem to get any preloaders to work ive tried several methods i don’t even the think the one i have right now is correct, but I’m trying to load an external swf. I know the movie is loading but the preloader is not visible till it reaches 99%. I am putting the preloader in the external swf with a movie clip and a movie loader…maybe thats the problem? or maybe I’m not used the correct preloader?

here is the file