Embedding an swf into Flex will remove all of the timeline code

It appears that if you try to load an swf file into Flex using the SWFLoader you can access functions and variables inside the swf from Flex by using this syntax: mySWFLoader.content.myvariable.

However if you use the embed directive in the SWFLoader, all timeline code is lost, meaning that you can't access functions, use gotoAndStop(), etc...