Media Server stream within Flash

Evening All,

I am still fairly new to all this so please excuse me if I have overlooked something very obvious however any assistance would be much appreciated.

Scenario is we will be playing a straight forward flash animation throughout an event. I would like to for one part of this event switch to a live camera feed (From within the same event). If I capture this stream live with Flash Media Server, can this stream then easily be played within the Flash file?

Ie. Can we develop the flash and configure the stream prior to the event, embed the stream into the required section of the flash presentation and compile the flash file, the video will then be pulled live from the streaming server?

Perhaps this is more of a Flash question then a Media Server question?

Any help much appreciated :-)

Cheers
Nick.