Flash: Dynamically Load Image in ActionScript 3.0

1. Create image placeholder movie
2. Add image placeholder movie on stage, name it "image_placeholder"
3. Click on the first frame of the default layer and add the following:

   var myLoader:Loader = new Loader();
   myLoader.contentLoaderInfo.addEventListener(ProgressEvent.PROGRESS, onProgressStatus);
   myLoader.contentLoaderInfo.addEventListener(Event.COMPLETE, onLoaderReady);
   
   var fileRequest:URLRequest = new URLRequest("photo.jpg");
   myLoader.load(fileRequest);
   
   function onProgressStatus(e:ProgressEvent) {   
         trace(e.bytesLoaded, e.bytesTotal); 
   }
   
   function onLoaderReady(e:Event) {     
         image_placeholder.addChild(myLoader);
   }
   
   stop();