Using showBusyCursor property for SWFLoader
<?xml version="1.0"?> <mx:Application xmlns:mx="http://www.adobe.com/2006/mxml"> <mx:VBox> <mx:SWFLoader id="image1" showBusyCursor="true"/> <mx:Button id="myButton" label="Show" click="image1.load('logo.jpg');"/> </mx:VBox> </mx:Application>