http://flashanimation.spaces.live.com/
One of the coolest features in Flash, beside Flash components, is its ability to utilize alpha-channel transparency for video. This allows you to do clever things like have a person, complete with drop shadow, walk right across your dynamic website content. Being the creative genius you are, we’re sure you can come up with tons of even more imaginative things to do with video transparency and compositing, so let’s review just how its done. First, you’ll need to shoot your subject against a background of solid color to create an alpha channel or a transparency layer in your video file. You have a choice when filming to use either a green screen or a blue screen as a background. How do you choose? The green screen is preferable for digital video whereas the blue screen is preferable for film. Also keep in mind the colors of the subjects you’re filming. For example, if you’re filming a person dressed as a frog, you may want to use a blue screen; if you’re filming a man painted blue, you may want to use a green screen. Generally, either color will work, but since the green channel in digital video has the highest sampling rate, you’ll want to stick with green in most cases to get a better-quality alpha channel.