Open a new Flash document. Select Modify > Document (shortcut key: Ctrl+J ). Set the width of your document to 200 pixels and the height to 100 pixels. Select white as background color, for Frame Rate set 28 fps (Frames per Second) and click ok.
Lock the background layer, select the blink layer, take the Oval Tool (O), Stroke color must be switched off, under Fill Color choose any color, hold down Shift key and draw a "circle" at the position like it is shown on the picture below.
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