Your nearly there, try this.

Code:
var list:Array = [Pic1_10_btn, Pic1_11_btn,Pic1_12_btn];

var overShadow:DropShadowFilter = new DropShadowFilter();
defaultShadow.color = 0x000000;
defaultShadow.blurY = 16;
defaultShadow.blurX = 16;
defaultShadow.angle = 45;
defaultShadow.alpha = .6;
defaultShadow.distance = 5;

var defaultShadow:DropShadowFilter = new DropShadowFilter();
overShadow.color = 0x000000;
overShadow.blurY = 12;
overShadow.blurX = 12;
overShadow.angle = 45;
overShadow.alpha = .7;
overShadow.distance = 4; 

var clickShadow:DropShadowFilter = new DropShadowFilter();
clickShadow.color = 0x000000;
clickShadow.blurY = 8;
clickShadow.blurX = 8;
clickShadow.angle = 45;
clickShadow.alpha = .8;
clickShadow.distance = 3; 


for(var i:uint = 0; i < list.length; i++){
	list[i].addEventListener(MouseEvent.CLICK, picClick);
	list[i].addEventListener(MouseEvent.MOUSE_OVER, picOver);
	list[i].addEventListener(MouseEvent.MOUSE_OUT, picDefault);
}

function picDefault(e:MouseEvent):void {
	e.target.filters = [defaultShadow];
}

function picOver(e:MouseEvent):void {
	e.target.filters = [overShadow];
}

function picClick(e:MouseEvent):void {
	e.target.filters = [clickShadow];
}