GIFs can be imported into Flash like any other image but have the option to play in the timeline. Saving and testing (⌘ + return) a file with an imported GIF should effectively create an SWF of the GIF:
Thanx, my problem is that when the gif is placed into flash, its file size is not reduced. I have created an animated gif file in PshopCS6 with panings and zoom etc. and the file size is 5mb. Pretty large for a gif file! So i wanted to import it into flash in order to create a smaller swf file, but no luck! The swf still is 5mb, is there some way round this?
Importing a gif into flash, just places the raster images inside a .swf container, it doesn't really "convert" anything. If you need a smaller file size, you'll need to recreate it as a vector animation in flash.