There are some open-source alternatives to load animated gifs in Flash/Flex projects. Please see the following links:
http://www.bytearray.org/?p=95
http://labs.flexcoders.nl/2007/08/30/another-bytearray-fxc-mixfxcloader/
I’ve released an update to the AnimatedGifLoader Flex component that lets you load animated gifs in Flex. This update adds much more complete support for animated gif files. If you had any trouble with using this component with an animated gif, download the newest version and try it out. Everyone who has already purchased this component has already received this update (if not please email me).
I’ve updated the API a bit, released the ASDoc documentation, and put together a small Apollo application that will let you test the component to see if it will work with the animated gifs you want to load.
And for your old school viewing pleasure, some animated gifs loaded into a Flex app: